Singapore-based bunker supplier Equatorial Marine Fuel Management Services has lost a seven-year long court case over a $21.7m bunker dispute with Malaysian shipowner MISC Berhad, the Singapore High Court has ruled.
Petronas unit MISC plans to be a one-stop maritime centre for its parent, following the purchase of the national oil company's maritime services company, local reports said.
Malaysia's MISC has allocated $1bn for capital expenditure (capex) this year to primarily focus on the petroleum segment business, despite lower oil prices in the global market, local reports said.
The tough year ahead for the energy sector is starting to be felt, with Malaysia's MISC posting flat profits for the first quarter due to lower revenue from the LNG business and additional costs from some heavy engineering projects, it said in a...
Suggesting that all is well at home again, Malaysian national oil company Petronas has transferred shipbuilding contracts for five newbuilding LNG carriers woth $1.1bn at Hyundai Heavy Industries to its shipping unit MISC and also entered into a...
MISC saw 2014 full-year net profit rise 5.7% to MYR2.20bn ($620.2m) from MYR2.085bn last year, boosted by the disposal of assets through a finance lease in the fourth quarter.
Some reshuffling is going on at Malaysia's MISC with its vice president for offshore business, Abu Fitri Abdul Jalil joining its offshore engineering unit Malaysia Marine and Heavy Engineering Holdings (MMHE) as its managing director and chief...
Malaysian shipping company MISC has announced some changes at the top, appointing Ab Halim Mohyiddin as an independent non-executive director and its new chairman effective 15 January and Yee Yang Chien as its new president and ceo from 1 January...