Despite drops in revenue from formerly key segments such as chemical tankers and heavy engineering, MISC Bhd saw first quarter net profit rise 62% to MYR486.4m ($150.4m) from MYR300.4m.
Despite a stable performance from its chemical tankers division, Odfjell’s first quarter loss rose to $23m from $13m in the same period 2013.
Chinese shipyards Sainty Marine, Nantong Mingde Heavy Industry and Nantong Runde Ship Engineering have jointly won a contract to construct seven stainless steel chemical tankers for Celsius Shipping.
China's Samjin Shipbuilding Industries has signed a contract to build four 50,000 chemical tankers for an unnamed Singapore shipowner.
China's Nantong Mingde Heavy Industry has signed a deal to build up to 13 ships for an European shipowners.