Malaysian shipping company MISC is planning to better integrate its fleet management services with its Singapore-headquartered unit, AET Tanker by forming a separate Labuan-based company.

MISC unit Gumusut-Kakap (L) Ltd (GKL) has won its claim for increased day rates against Sabah Shell Petroleum Company Ltd.and has been awarded $254.4m by the Kuala Lumpur Regional Centre for Arbitration, the company said in a stock market...

MISC managed a 10% rise in full year net profit for 2016, with the bottom line rising to MYR2.79bn ($627.3m) from MYR2.54bn previously even as revenue fell to MYR9.60bn from MYR10.91bn in the previous corresponding period.

Malaysia’s MISC Berhad has revealed an ongoing legal battle with oil major Shell over a sum of $245m, as it announced third quarter results.

Malaysian shipping company MISC has now totally exited the logistics business after completing the disposal of its entire stake in unit MISC Integrated Logistics (MILS) to Swift Haulage Sdn Bhd for MYR257.2m ($62m).

AET Inc., subsidiary of MISC Berhad, has paid $59.29m to acquire a remaining 50% stake in Paramount Tankers Corp from Golden Energy Tankers Holdings Corp.

Malaysian energy-related maritime solutions and services provider MISC has made inroads into Thailand's offshore oil and gas (O&G) market for the first time, with the contract for a FSO vessel project for Chevron.

Malaysia's MISC Group saw revenue for the second quarter ended 30 June 2016 fell 8% to MYR2.39bn ($592.8m) from the MYR2.60bn in the previous corresponding quarter, although net profit spiked to MYR1.35bn from MYR766.4m previously on a MYR847.3m...

Malaysian national shipowner MISC is jettisoning its logistics business  which contributes only about 4% to revenue in a bid to consolidate its operations.

Malaysia's MISC saw first quarter earnings rise 55% to MYR795.4m ($198.1m) from MYR512.1m in the previous corresponding quarter on gains from associate companies, the shipping company said in a stock market announcement.