MISC, through its 51%-owned Malaysia Vietnam Offshore Terminal (MVOT), has landed a time charter contract by Idemitsu Kosan for the conversion and provision of a FSO in Vietnam.
Singapore-headquartered tanker owner AET has named its first two LNG dual-fuelled aframaxes.
Malaysia’s MISC was reasonably upbeat on the tanker market going forward but warned that earnings are still being hit as fleet growth continues to put pressure on petroleum freight rates.
MISC has secured a $441m long-term bareboat charter contract from Hess Exploration and Production Malaysia for the lease of the FSO Mekar Bergading floating, storage and offloading facility (FSO).
Petronas took another step in product diversification in meeting the needs of a more varied market, with its Petronas LNG unit successfully delivering its first break bulk liquefied natural gas (LNG) cargo by ship-to-ship (STS) transfer.
MISC belatedly provided more details about its 10-year long term charter contract with Petrobras signed in May, revealing that the deal was worth $645m.
A hapless Filipino fisherman stranded in the middle of the North Pacific Ocean, more than 400 nautical miles from Philippines coast, caught a lucky break when he was rescued by the crew of MISC liquefied natural gas (LNG) carrier Seri Begawan...
Despite dim prospects in the LNG and petroleum tanker segments for this year, Malaysia’s MISC is pushing forward with expansion plans, planning $4bn in capex over the next five years, local media reported.
The Malaysian Anti-Corruption Commission (MACC) is investigating shipping company MISC for alleged bribery amounting to $27.8m, local media reported.
MISC this week took delivery of Seri Camar, the fourth in its series of five MOSS-Type Seri C Class Liquefied Natural Gas (LNG) carriers built by Hyundai Heavy Industries (HHI).