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HIGH OIL PRICE AND ITS IMPACT ON THE SHIPPING INDUSTRY:

STAYING AFLOAT IN A SEA OF CHALLENGE

Seminar Report

Kuala Lumpur 6 August 2008

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PREFACE The extraordinary rise of oil prices has had an indelible impact on many industries. Being an activity that depends greatly on oil, shipping has not escaped this development. Shipping is a crucial facilitator of much of the world’s trade, hence, the rising cost of shipping as a result of the rise in oil prices is naturally a matter of great concern to the industry and beyond. Even if one is not in the shipping business or not a shipper of goods and materials, one is still affected by high oil prices as a consumer of goods and materials. The costs of producing goods and materials and transporting them across the supply chain rise in tandem with the hike in oil price. This will eventually be reflected in the higher price that we have to pay for them at the markets. Shipowners and shipping companies have undertaken various austerity measures in response to skyrocketing oil prices and to mitigate the cost arising therefrom. These include slow steaming or sailing at lower speed, reconfiguring their routes and focusing on fuel-saving measures via incorporating technologies and increasing the maintenance of their ships. At the same time, shippers are anxious that shipowners will pass down the rising cost of fuel to users of shipping services. These are among the issues which were keenly debated during MIMA’s seminar on ‘High oil price and its impact on the shipping industry : Staying afloat in a sea of challenge’ held on 6 August 2008. The one-day seminar provided a platform for shipping stakeholders to share their insights and experiences in facing these challenging times arising from historical high oil prices. The enthusiastic response by the speakers, participants and members of the media to the event stood testimony to the keen interest in the issue of rising oil price which has significantly affected the maritime industry and especially the shipping sector. The strong turn-out and the quality of discussion seen at the seminar provided further encouragement to at us at MIMA to continue highlighting topical issues affecting the maritime industry. NAZERY KHALID Senior Fellow, MIMA Seminar Coordinator

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OPENING REMARKS YBhg Dato’ Cheah Kong Wai Director General, MIMA

In his opening remarks, Dato’ Cheah said that the sharp rise in bunker fuel cost has eaten into the profit margins of shipping companies which are already saddled with the rise of other rising costs. They are already paying more for vessel purchase and for onboard equipment, and for shiprepairing and maintenance of their fleet. All these add pressure to the operating costs of shipping companies. Such is the dependency of the business world on oil that the hike in its prices triggers an all-round increase in many goods, materials and services. Dato’ Cheah wondered to what extent is the effectiveness of these measures and whether they are merely stop-gap measures that will make much difference to shipping companies in the long run. He echoed the worries of shippers and consumers of the potential impact of shipping lines cutting down on voyages affecting fleet productivity of shipowners and subsequently slowing down the supply chain flow. He

lamented that the shippers and eventually consumers may have to pay for higher price of shipping services as shipping lines undertake measures to mitigate their cost arising from high fuel prices. Having contemplated on the negative aspects of rising oil price to the shipping industry, Dato’ Cheah also pointed to the silver lining behind the dark clouds hanging over the industry. The slow-steaming approach adopted by shipping lines to reduce bunker consumption is good news for environmentalists as lower average speed of vessels reduces emissions by the shipping sector. High oil price may even provide greater impetus for greater technological improvements of ship performance and encourage the use of alternative energy for shipping such as gas and biofuels. The tanker industry, for example, has benefited from the surge of demand of energy and has recorded huge profit on the back of record-high freight charges for the energy fleet, while OSV and FPSO owners have also had quite a bull run amid the boom in offshore oil and gas activities. In concluding his speech, Dato’ Cheah expressed his hope that the presence of the experts in the seminar and the ensuing discourse on the subject could fuel constructive ideas that can be applied to reduce fuel consumption in the shipping industry and to mitigate the risk arising from high oil prices.

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SESSION 1 OUTLOOK ON OIL, IMPACT ON INDUSTRY Session Chair Nazery Khalid Senior Fellow, MIMA

Nazery heads the Center for Maritime Economics and Industries at MIMA. The thrust of his center’s research is in the field of maritime economics, with a focus on ports, shipping, multimodal transport, freight logistics, offshore oil and gas, maritime supply chain, and maritime trade issues. He has presented talks and papers at many international conferences on a wide range of maritime issues. His research findings and views on various maritime issues and developments are often quoted in the media and have appeared in various

publications and journals. Nazery holds a Bachelor of Arts degree in Business Administration from Ottawa University, Kansas, USA and an MBA from International Islamic University, Malaysia. In opening the session, Nazery mentioned that the high oil price has resulted in instances of ‘demand destruction’ of oil in the form of drastic cut of fuel consumption by consumers and industries. In the shipping industry, this reaction to high oil price is manifested by austerity measures such as the consolidation of routes, cutting down on unprofitable services and efforts to lower fuel consumption. He stressed that extraordinary times require extraordinary response, and expressed his hope that the ensuing discussion would lead to out-of-the-box thinking by role players and participants alike to generate ideas that could be applied by industry players to weather the turbulence arising from high oil price.

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Paper 1 Current assessment and outlook on world oil market Liaw Thong Jung Assistant Vice President / Senior Analyst (Oil and Gas) Aseambankers Malaysia Bhd

Thong Jung has extensive experience in equity research, covering oil & gas, plantation, consumer, motor, manufacturing, small caps and technology sectors at various research houses. His stock coverage encompasses oil and gas, manufacturing and small-cap stocks. TJ was rated as the top analyst in The Edge Malaysia’s Broker Polls 2006-07, and was also named as the top analyst (under Consumer Products Industry Earnings Estimator) in the Starmine Analyst Awards 2005. TJ cautioned that despite crude oil market showing less volatility recently, shipping players should not be lulled into complacency and must be prepared to face any future uptrend in global oil prices (crude oil price stood at US$118 per barrel on 6 August 2008 after reaching its all time high of US$147.27 on 11 July 2008).

He forecasted that the middle term outlook for the next 18 months for crude oil price should be bright, and predicted that prices should be on a downtrend on the back of global inflation making its headway and slower demand from the US, Europe and growing economies like China and India. This correction of oil price, he suggested, is further fuelled by a slower growth of the world's GDP. In addition, he said that oil stock build-up is also still healthy and would prove to be a calming influence to the jittery oil market. TJ projected that global oil production stood at about 86 millions barrels per day (bpd) while consumption was 85.5 millions bpd., translating into a deficit of 500,000 bpd. Reserves-to-production ratio, he said, stood at 40.5 times or 41 years. Estimating that oil price would hover around US$110 to US$120 per barrel until year-end, he nevertheless remained skeptical that crude oil price would stay at the current levels after 2009. His anxiety was based on the inevitability of year-on-year global demand growth of 3.5% based on swelling world population and growing transportation needs. The recent hike in oil price had resulted in longer lead times for the supply of equipment to sharp demand of raw materials as well as escalation in cost. TJ also said that there was little evidence to suggest that a large-scale replacement of fossil fuel was in the horizon.

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Paper 2 Cost and impact of high oil prices on shipping industry Zahar Mohd Hashim Zainuddin Offshore Representative, Malaysia Shipowners’ Association

Beside being the Offshore Representative of Malaysia’s Shipowners’ Association, Zahar is the Vice President of Offshore Business, MISC Bhd, Malaysia’s national shipping line. He started his career with MISC Bhd as a sea going engineer and has over 25 years of experience in shipbuilding, ship operation and project management. He has served in various capacities in PETRONAS and MISC including heading the LNG & Tanker Fleet Operations, FPSO Project Director and General Manager Offshore Business. While at MISC, he spent more than 10 years on overseas assignment with PETRONAS including heading the LNG fleet operations and technical liaison office in Japan. He currently sits as a board member for a few of MISC subsidiaries and joint venture companies. A graduate from South Shields in the United Kingdom, Zahar is a certified Marine Engineer and is a member of the Malaysian Institute of Certified Engineers.

Zahar caught the attention of the audience when he revealed that rising oil have increased shipping companies' fuel cost by about 87 per cent from a year ago. According to him, marine bunker fuel cost has risen by US$250 (RM820) a ton since January 2008, surpassing the US$700 (RM2,300) a ton mark.

He underlined the concern of shipowners by stressing that fuel cost represents as much as 60% of total ship operating cost (depending on the type of ships and services) and warned that such an increase cannot be taken lightly. Estimating that ships consume two billion barrel or seven billion tons of oil a year, Zahar said that if oil price skyrockets to US$200 (RM656) per barrel level, the cost to ship a standard TEU (20-foot) container from Shanghai in China to the US, for example, could go up to a whopping US$15,000 (RM49,200). In comparison, when oil was at US$20 (RM65.60) a barrel in the year 2000, transporting a TEU box cost US$3,000 (RM9,840). Illustrating the burden shouldered by shipping lines amid high oil price, Zahar cited the example of a container vessel of 7,750 twenty-foot equivalent units capacity in the Trans-Pacific trade which consumed 217 tons of bunker fuel that translated into a stunning US$3.4million in its 28 days voyage alone. In comparison, the fuel cost of the same ship was US$2.7 million less or 87%

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less than the current cost only a year ago, he said. This renders the bunker adjustment factor introduced by shipping lines as insufficient to cover their high operating cost.

Shipping companies, according to Zahar, have taken various austerity measures such as redeploying their vessels along major trade routes to optimize their cargo load, consolidating services through multi-carrier alliances, consolidating routes to serve more locations with fewer ships, monitoring hull and propeller conditions to reduce

resistance and sailing at lower speeds to conserve fuel, as permitted by their sailing schedules. These measures notwithstanding, Zahar said that the oil price increase has been so dramatic that even the bunker adjustment factor adopted by shipping companies has not helped cushion their burden. He called for a more dynamic approach and suggested the introduction of ‘critical bunker factor’ to help shipowners mitigate rising oil price.

Nazery Khalid (center) of MIMA chairing Session 1 of the seminar. He is flanked by

Liow Thong Jung on his right and Zahar Mohd Hashim on his left

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SESSION II RESPOND, RETORT, REACT : BRAVING THE BLOW, CONFRONTING THE CHALLENGES Session Chair Capt. Johari Md Nor Managing Director, Gagasan Carriers Sdn Bhd

Capt. Johari holds a Master Foreign Going Certificate (1982) and has over 25 years of experience in the marine business. He started his career in MISC Bhd in 1973 as a sea-going personnel but joined MISC’s shore establishment in 1984 as a marine superintendent in the Tanker Division. Thereafter, he held various middle and senior managerial positions before being posted to Rotterdam as the Manager Tanker Europe and Managing Director for MISC Agencies(Netherlands) BV, serving there from 1991 to 1996. As the owner’s representative in Europe, his tasks included undertaking the marketing, commercial and operational activities of MISC vessels, especially its chemical tankers in Europe and the Americas. Capt. Johari’s other experience in shipping includes marine project evaluation, commercial and technical management of many types of

vessels including tankers (product, crude, vegetable oils and chemicals), bulk carriers, and container ships. He joined Nepline Bhd in 1996 as the General Manager of Ship Operation, Chartering and Fleet Management, and was responsible for the management of all the vessels in their fleet. In January 1998, he joined GSM as the General Manager and left the company in June 2001 to take up his current position at Gagasan Carriers. Capt Johari stressed the importance of shipping players to undertake meaningful, sustained measures to rise above the challenge of high oil prices. He emphasized that shipping is a crucial industry to global economic prosperity, hence it would be in the interest of everyone to ensure that shipping activities are carried out without interruption. At the same time, he stressed the point that shipowners and operators must operate profitably in providing their services, amid rising fuel and operation costs. Challenges are aplenty already for players in this competitive industry – what more with stratospheric oil prices. The onus, said Capt. Johari, is on industry players to come up with viable solutions and effective responses to rise above the challenges arising from rising oil price.

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Paper 3 Adjusting operations, business and strategies to mitigate higher operating costs : A shipowner’s perspective David Fredrick General Manager, Fleet Personnel Dept. Fleet Management Services, MISC Bhd

David is a Chief Marine Engineer by profession. He has been in MISC for 16 years in various positions including Superintendent, Fleet Manager, and Senior Manager of Business Process Improvement and Capability Building in Fleet Management. According to David, a fuel management strategy of a shipping company should enhance its operations through effective bunker management, enhanced engine monitoring and maintenance, improved hull and propeller condition, greater focus on voyage efficiency and greater attention to propeller management. He emphasizes the need for shipping companies to provide guidelines to their personnel come up with a structured approach to fuel savings and communicate the strategy to their personnel by providing them with

training and guidelines towards achieving a standardized practice in efficient fuel use. He mentioned that the ultimate objective of fuel savings should be to attain real cash savings to the shipping line from main engine optimization and improved voyage efficiency. Such a strategy should demonstrate that the process for fuel saving can be implemented and can be realized without the company having to incur additional costly investment. Towards achieving this, he stressed that shipping lines must develop practical solutions to ensure that they can be effectively and successfully implemented. For shipping companies to achieve voyage efficiency, they must strive, among others, to plan their passage well, pay attention to weather routeing, consider autopilot and rudder usage during sailing, manage the speed of their vessels, and maintain their propeller to enhance performance. To achieve power and propulsion efficiency in their ships, they must pay attention on efficient power management and utilization of A/E’s, propulsion efficiency, equipment calibration, analysis and diagnosis , and evaluation of results and corrective / follow-up actions.

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Paper 4 A shipper’s perspective on rising transportation cost of goods

Mohd Radwan Alami Logistics Committee Chairman Federation of Malaysian Manufacturers

Radwan is the majority shareholder, CEO and Managing Director of the widely diversified Alami Group of Companies which has interests in a broad spectrum of commodities, products and services. Among his other appointments were Executive Director of their Malaysian operation KFH Ijarah House (Malaysia) Sdn Bhd (2001), Federation of Malaysian Manufacturers’ Council Member and Chairman of the Logistics Committee (2003), and Vice Chairman of the Malaysian National Shippers Council and Council Member of the International Chamber of Commerce Malaysia (2004). In his presentation, Radwan stressed the need for shipping lines need to work with shippers to come up with fair arrangements for freight charges amid the high fuel cost environment. Speaking as a shipper of goods, he made a plea to shipping lines not to use the

high prices as an excuse to unilaterally impose hefty increases in the freight charges and surcharges. Radwan pointed out in the past, shipping lines, working as a cartel, arbitrarily fixed high rates and unilaterally imposed unfair surcharges on shippers. He said that this practice left shippers defenseless as shipping lines were protected by immunity to the European Community competition law which was enacted to prevent anti-competitive practices. The European Union Commission has since revoked this immunity and has given shipping lines until October 2008 to discontinue the practices. Radwan was steadfast in his belief that shipping lines should reconsider their strategies and develop stronger relationship with shippers based on the concept of fair play in which both parties work as partners. He stated that shippers would not benefit from a decline in the growth of the shipping industry as they need the services to transport their products. Radwan warned that with higher operating costs and expected slowdown in world trade, the available capacity could surpass demand. Shippers, being traders, he emphasized, will generally offer fair deals to shipping lines which provide reliable services and fulfill their commitments. Such shipping lines

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facilitate the smooth and efficient shipments of users of shipping services, hence creating a win-win situation for all. He longed for a working relationship, like in the past, in which shippers and shipping lines worked out arrangements that was fair to both parties and sustained a mutually

beneficial relationship based on the principle of cooperation and mutual understanding. Shippers, he stressed, are committed to structure deals with shipping lines that are mutually beneficial for both sides.

Capt. Johari (center) chairing Session 2 of the seminar. On his right is Capt. David

Fredrick and on his left is Mohd Radwan Alami

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SESSION III LEVERAGING ON TECHNOLOGY TO MITIGATE RISING FUEL COST

Session Chair Capt. Abdul Aziz Abdullah Senor Fellow, MIMA

Capt. Aziz did his pre-sea training at the Pakistan Marine Academy, Karachi from 1973 to 1974 and was awarded the President of Pakistan’s Gold Medal upon graduation. He sailed as a Deck Officer from 1974 to 1983. From 1984 to 1991, he served as a Harbor Pilot with the Port Klang Authority. Capt. Aziz then served as a Marine Officer at the Marine Department of Brunei Darussalam from 1991 to 2007, and was the Head of the Examination and Certification Section (Deck). He holds a

Master Class 1 (Foreign Going) Certificate of Competency from Australia. In addition, he is a Fellow of the Nautical Institute UK; a Chartered Member of the Institute of Logistics and Transport, UK; and a Council Member of the Institut Kelautan Malaysia. He is a certified ISO/ISM Internal Auditor and Company Security Officer, a qualified Voluntary IMO Member States Audit Scheme auditor, and a certified ISPS Code lecturer. Capt Aziz stressed the need for industry stakeholders to capitalize on existing technologies and to spend more efforts on R&D to come up with measures to reduce fuel consumption. He said that shipping is a technology-driven industry in which many types of applications and technologies are being used, and new ones are constantly introduced. He threw the challenge to the ‘brains of the industry’ to leverage on technologies to use fuel more efficiently and overcome the challenge of rising oil price.

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Paper 5 New ship design to reduce operational cost and maintenance Dr. Omar Yaakob Associate Professor, Department of Marine Technology Universiti Teknologi Malaysia

Dr. Omar has been attached to Universiti Teknologi Malaysia (UTM) since graduating from University of Newcastle, United Kingdom in 1983. He completed his MSc in 1987 and PhD in 199 and has extensive experience in teaching Naval Architecture and Ship Design. Prior to his appointment in his current position, he led UTM’s Marine Technology Laboratory, the largest university-based Ship Model Testing Facility in this region as the Head of Laboratory for eight years. He has conducted several consultancy jobs related to ship model testing, hydrodynamic modeling and ship design as well as facilitated a number of short courses related to naval architecture and ship design. Dr. Omar's main research areas are in the design of special crafts, the development of ocean environment modeling and environmental friendly technology, and in ocean energy harvesting. He has authored more than 40 research papers.

In his presentation, Dr. Omar stressed the importance of fuel economy in the shipping industry, especially within the present climate of high oil prices. He presented various techniques and technology currently available and being developed in the shipping industry to improve fuel consumption. According to him, the main areas in fuels conservation in the industry are in the areas of drag reduction, power generation improvement, conversion to thrust improvement, and reduction on fossil fuel dependency. Dr. Omar said that in order to reduce fuel consumption of ships, shipowners must strive to reduce resistance of their vessels and propulsive and engine efficiency. In reducing the drag of vessels, hull design is key as a blunt hull will increase resistance compared to a hull shaped in a streamlined form. In addition, a bulbous bow also reduces wave resistance and can lead to fuel consumption of 5%. He also highlighted several new technologies in ship design that contribute to fuel saving such as Air Cavity System under the hull that reduces frictional resistance between the hull and the surrounding waters. He also underlined methods to improve mechanical and thermal efficiency of ships that leads to better conversion of fuel to power and usage of alternative and cheaper fuels.

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According to Dr. Omar, engine manufacturers are looking at various ways to improve efficiency of ship engine combustion including enabling engines to perform long strokes and use additives, even water. Features to reduce rotational losses of propellers such as ducted propeller and measures such as propeller polishing and reparation of damaged propellers have also been introduced to achieve greater

propeller efficiency. Dr. Omar also suggested the merchant shipping industry to use alternative energy such as nuclear power (as successfully applied on Navy vessels), fuel cells and wind. He cautioned that some of the recommendations to reduce fuel consumption may present a trade-off that ought to be carefully considered by the shipping industry.

Paper 6 Ship energy audit : An overview Lee Geok Hwee Senior Surveyor / Marine Manager Lloyd’s Register of Shipping (M) Bhd RESPONSIBILITIE

Geok Hwee holds a Diploma in Marine Engineering from Singapore Polytechnic and is a certified Chief Engineer (Motorship) and a Lead ISM/ISPS Auditor. Prior to joining Lloyd’s Register (LR) in 1997, he worked with Neptune Orient Line, Singapore at all engineering ranks from cadetship up to Chief Engineer; Keppel Shipyard in Singapore as Ship Repair Manage; and IMC Shipping as a Technical Superintendent. Geok Hwee then joined LR as Engineer Surveyor, undertaking marine and industrial activities and promoting, presenting and selling LR’s

services and products to ship operators. He is also the Account Manager and delivers seminars, superintendent training and LR Marine Training Services to LR’s clients. He also assists in ship surveying and auditing of ISM/ISPS for existing ships and acts as LR’s Country Coordinator for ISM/ISPS certification works. Geok Hwee stressed the importance of ship energy audit to assess the energy performance of the ship, its main machinery and engineering systems, and the management processes that impact ship fuel consumption. These subsequently lead to the identification of Energy Efficiency Opportunities (EEOs) and an investigation of their techno-economic feasibility. He outlined the activities involved in such an audit process which include the following stages : ship selection, preliminary data gathering and analysis, survey planning, shipboard energy survey, data analysis

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and generation of audit report. In assessing the energy performance of a ship and its main machinery, evaluation needs to be done in a number of areas. These include the ship’s power and fuel curves, its main engine performance characteristics, its utilized performance monitoring systems, its auxiliary systems’ energy use levels and patterns, and its machinery load factors and utilization. He also said that shipowners must constantly assess whether the various machinery and devices of the ships could be replaced with more energy efficient ones to save fuel. Among the areas that warrant consideration are using variable speed

drives and energy saving lighting system, moving from steam systems to alternative fuel treatment system, and upgrading control and automation system. Geok Hwee enlightened the audience on the various methods can be used to identify the EEOs on ships. These include energy balance analysis, performance assessment relative to design or best-practice, operational management techniques and processes, potential use of alternative machinery / equipment (retrofits) and potential use of alternative fuels.

Paper 7 New technology for the shipping industry to reduce oil consumption : The homogenizer as a viable option Marizan Nur Basirun Managing Director, S.I.T Schiffs-&Industrie Technik (M) Sdn Bhd

Marizan holds a BSc. Hons. in Mechanical Engineering from the University of Leeds, and an MBA from Sheffield Business School, United Kingdom. He started his work career at Malaysian Sheet Glass Bhd as an Engineer in 1983. He subsequently

joined Land & General Bhd in 1991 as a General Manager of its subsidiary Tool & Die Manufacturing Division and then was appointed the Executive Director of Rohas-Euco Industries Berhad where he served from 1995 to 2002. He incorporated S.I.T Schiffs-&Industrie Technik (M) Sdn Bhd in 2007 and acquired from S.I.T Schiffs-&Industrie Technik GmbH of Germany the manufacturing technology and the marketing rights to distribute the patented CD92 Homogenizer systems in the Asia Pacific countries.

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In his presentation, Marizan outlined several issues and challenges faced by shipowners. Among their pressing concerns amid high oil prices are fuel wastages, managing the cost of disposing sludge and incomplete combustion resulting smoky exhaust gasses, dirty exhaust system and high maintenance costs. The enforcement of MARPOL 73/78 Annex VI by the International Maritime Organization (IMO) demands increasingly stringent anti pollution measures from shipowners to reduce emissions of pollutants, and they are faced with increasingly punitive environmental regulatory standards. He The CD92 Homogenizer marketed by his company is the first product of its kind to treat sludge in residual fuel. The German product prevents sludge build-

up in ship’s diesel propulsion engine and contains five key application systems, namely sludge reduction, combustion improvement, waste oil regeneration, water in diesel emulsion and micro-blending processing. Marizan stressed that the CD92 Homogenizer is an environmentally-friendly product that reduces oil sludge and gas emissions, in addition to reducing fuel wastage and improving fuel consumption. These features subsequently lead to better engine management and reduced maintenance, spare parts replacement and repair costs to shipowners, and should provide them with a bit of respite in these trying times amid high oil price.

Capt Aziz Abdullah chairing Session 3 of the seminar. To his right is Dr. Omar Yaakub and to his left Lee Geok Hwee. On the far right is Marizan Nor Basirun

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Seminar Program

9.00 am Opening remarks by YBhg Dato’ Cheah Kong Wai

Director General, MIMA 9.15 am Session 1

Outlook on oil, impact on industry Session Chair : Nazery Khalid Senior Fellow, MIMA 9.20 am Current assessment and outlook on world oil market TJ Liaw

Equity Analyst (Oil and Gas) Aseambankers Malaysia Bhd 10.00 am Cost and impact of high oil prices on shipping industry

Zahar Mohd Hashim Zainuddin Offshore Representative, Malaysia Shipowners’ Association

10.40 am Coffee break 11.00 am Session 2 Respond, retort, react : Braving the blow, confronting the challenges

Session Chair : Capt Johari Md Nor Managing Director Gagasan Carriers Sdn Bhd

11.40 am Adjusting operations, business and strategies to mitigate higher operating

costs: A shipowner’s perspective David Fredrick General Manager, Fleet Personnel Dept. Fleet Management Services, MISC Bhd

12.20 pm A shipper’s perspective on rising transportation cost of goods Mohd Radwan Alami

Logistics Committee Chairman Federation of Malaysian Manufacturers

1.00 pm Lunch break

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2.00 pm Session 3 Leveraging on technology to mitigate rising fuel cost Session Chair Capt Abdul Aziz Abdullah Senior Fellow, MIMA

2.10 pm New ship design to reduce operational cost and maintenance Dr. Omar Yaakob

Associate Professor, Department of Marine Technology Universiti Teknologi Malaysia

2.50 pm Ship energy audit : An overview

Lee Geok Hwee Senior Surveyor / Marine Manager Lloyd’s Register of Shipping (M) Bhd

3.30 pm New technology for the shipping industry to reduce oil consumption :

The homogenizer as a viable option Marizan Nur Basirun Managing Director, SIT (M) Sdn Bhd

End of seminar

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List of Participants

1. Capt. Haji Tasripin Masotee

President Institut Kelautan Malaysia ttmarine@gmail.com

2. Azizan Mohd Fauzi Principal Assistant Director Energy Section Economic Planning Unit Prime Minister’s Department azizan@epu.gov.my

3. Ting Kok Onn

Assistant Director Energy Section Economic Planning Unit Prime Minister’s Department ting@epu.gov.my

4. Sabariah Atan Din

Assistant Secretary Maritime Economy Unit Ministry of Transport sabariah@mot.gov.my

5. Mohiuddin Ghazali

Assistant Secretary Ministry of Foreign Affairs mohiuddin@kln.gov.my

6. Mohd Sukhairy Sutan Principal Assistant Secretary Ministry of Transport sukhairy@mot.gov.my

7. Rosmiza Rosly

Senior Consultant Malaysia Productivity Corporation iza@mpc.gov.my

8. Ahmad Fuad Rosedi Ship Surveyor Ship Classificiation (M) Sdn Bhd scmhq@pd.jaring.my

9. Hamzah Arbain Ship Surveyor Ship Classificiation (M) Sdn Bhd scmhq@pd.jaring.my

10. Rudisham Marjohan

Bussiness Development Manager Atlas Hall Sdn Bhd rudi@atlashall.com.my

11. Capt. Nasruddin Abdul Mutalib

Chief Senior Officer/Auditor E.A. Techniques (M) Sdn Bhd captnas@eatechnique.com.my

12. Shahrulfazli Mat Wahab

Manager, Fleet Manning TH Technologies Sdn Bhd shahrul@thtech.com.my

13. Muhammad Zulhairy Mutazah

Senior Marine Executive TH Technologies Sdn Bhd zulhairy@thtech.com.my

14. Capt. Baldev Singh s/o Ram Singh

Operations Manager TH Technolgoies Sdn Bhd baldev@thtech.com.my

15. Syamsul Amri Abdullah

Business Development Manager TH Technologies Sdn Bhd syamsul@thtech.com.my

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16. Resham Singh

Head, Enterprise Banking EONCAP Islamic Bank Bhd

resham.singh@eonbank.com.my 17. Muhriz Nor Iskandar M.Murad

Manager, Investment Banking EONCAP Islamic Bank Bhd muhriz.nor@eonbank.com.my

18. Mohd Muzamir Mohamad Radzi Manager Enterprise Banking EONCAP Islamic Bank Bhd mohdmuzmir@eonbank.com.my

19. Norlida Mohd Nor

Senior Manager RHB Islamic Banking Bhd norlida_nor@rhbislamicbank.com.my

20. Navvarina Kaur Bajwa

Assistant Manager Maritime & Contract Bank Pembangunan Malaysia Bhd navvarina@bpmb.com.my

21. Azaman Hishan Mahabar

Business Development Manager CMA-CGM & ANL Sdn Bhd kua.hmazaman@cma-cgm.com

22. Ho Kong Fatt

Commercial Manager Global Carriers Bhd hokf@globalcarriers.com.my

23. Muhamad Suffian Shapiae

Executive, Commercial Global Carriers Bhd Suffian@globalcarriers.com.my

24. Aminuddin Dahari Technical Executive MMHE-SHI LNG Sdn Bhd amin@mslng.com

25. Rohani Ahmad

Deputy Director Strategic Planning & International Cooperation Division Malaysian Industrial Development Authority rohani@mida.gov.my

26. Syed Hoesain Haikal Shahabuddin

Head, Dept. of Maritime Studies University Malaysia Terengganu syedhoesain@umt.edu.my

27. Daphne Chong Yik Ping

Senior Manager Sales & Marketing Evergreen Marine Corp Sdn Bhd daphnechong@evergreen-marine.com.my

28. Wang Chan Huei

Manager, Sales & Marketing Evergreen Marine Corp Sdn Bhd wangch@evergreen-marine.com.my

29. Amy Yeoh Siok Fung Manager, Sales & Marketing Evergreen Marine Corp Sdn Bhd amyyeoh@evergreen-marine.com.my

30. Sandra Fong Peik Chui

Assistant Manager Sales & Marketing Evergreen Marine Corp Sdn Bhd sandrafong@evergreen-marine.com.my

31. Devaki Subramaniam

Assistant Manager Sales & Marketing Evergreen Marine Corp Sdn Bhd devaki@evergreen-marine.com.my

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32. Kevin Choo

Head of Enterprise Sales OCBC Bank (M) Bhd ChooCW@ocbc.com

33. Nasrul Asni Senior Relationship Manager OCBC Bank (M) Bhd NasrulMD@ocbc.com

34. Jason Wong

Team Leader OCBC Bank (M) Bhd WongSKuan@ocbc.com

35. Teh Syafiq Abdullah Vice President Risk Management Department tehmw@ocbc.com

36. Liew Chee How

OCBC Bank (M) Bhd LiewCH@ocbc.com

37. Capt. Ahmad Jaafar Baharom

Managing Director JRI Resources Sdn Bhd ajaafar@jriresources.com

38. Saufiyuddin Ahmad

Senior Executive, R&D Gagasan Carriers Sdn Bhd saufi@gagasan.com.my

39. Hanisah Hamzah

Partner Abdul Raman Saad & Associates arsakl@com.my

40. Capt. Rohit Chada

General Manager Sales and Marketing Bumi Armada Berhad rohit@bumiarmada.com

41. Adzhar Idham Business Development Manager S.I.T Schiffs-& Industrie Technik (M) Sdn Bhd adzhar@sit-malaysia.com 42. Anuar Hashim Manager Malaysia Shipowners’ Assocation (MASA) masa_kl@tm.net.my 43. Salwani Arbak Lecturer,

College of Law, Governement and International Studies

Universiti Utara Malaysia salwani@uum.edu.my

44. Shamini Sakthinahan

Assistant Manager Federation of Msian Manufacturers shamini@fmm.org.my 45. Azhana Mohamed Saleh

Logistics Services and Regional Operations Division Malaysian Industrial Development Authority (MIDA) azhana@mida.gov.my

46. Hazlan Abdul Aziz Principal Assistant Secretary Maritime Economy Unit hazlanhaz@mot.gov.my 47. Osama Turkistani