While other oil and gas (O&G) players such as Ezra have been divesting their FPSO assets lately, Malaysia's MISC, claiming to be on a stronger financial footing now, is looking to acquire distressed assets in the segment, local reports said.
MISC is merging its chemical carrier fleet with the product fleet of its tanker arm AET.
Malaysia’s MISC Berhad has achieved better earnings in the financial year 2015, helped by better performances of its shipping and energy business segments.
Malaysian shipping company MISC and oil and gas services provider Bumi Armada, both relatively big players in their respective fields, are reportedly in early stages of exploring a corporate exercise involving the consolidation of the floating...
Malaysian shipping company MISC third quarter revenue rise 15% to MYR2.51bn ($587.7m) from MYR2.18bn previously on improved freight rates in the petroleum business, the company said in a stock market announcement.
Icon Offshore ceo Jamal Yusof and coo Rahman Yusof, who have been on leave while assisting the Malaysian Anti-Corruption Commission in its investigations, have decided to step down.
MISC tanker arm AET has swooped for eight newbuildings worth $500m at South Korean yards.
Malaysian shipping company MISC is further sharpening its focus on energy and petroleum-related shipping by divesting its 50% stake in tank storage joint venture firm VTTI to Netherlands-based VIP Terminals Finance for $830m in cash with an...
The healthier tanker market helped boost MISC’s first half operating profit by 29% to MYR1.14bn ($295.5m).