Malaysian shipping company MISC saw third quarter net profit rise to MYR470.8m ($140.7m) from MYR401.0m previously and group revenue rose slightly to MYR2.18bn from MYR2.17bn.

The world of container shipping is not an easy business to make money in by anyone’s standards, but for what can be characterised as “national lines” the modern day landscape has been especially tough.

MISC is believed to be taking positive steps towards improving its performance, with local reports quoting CIMB Equities Research as saying that it plans to sell another eight of its own chemical tanker vessels in the third to fourth quarters of...

Malaysia's MISC saw second quarter earnings fall 4.2% to MYR 288.1m ($89.9m) due to a higher net loss from ship disposals and the absence of net impairment reversals compared to the same period a year ago, it said in a stock market release.

MISC is planning to move further into the LNG space and is bidding for third-party shipping projects to try and diversify its portfolio of businesses, president Nasarudin Idris told local media, adding however that talks were only at the initial...

Lower operating profit at its offshore solutions business saw Malaysia Marine and Heavy Engineering's (MMHE) first quarter net profit fall by almost a third to MYR34.6m ($10.7m) from MYR50.6m previously while revenue also fell to MYR671.5m, it...

Malaysia's MISC Bhd continued on the road to recovery as better revenues from its LNG and chemical tanker businesses helped the group turn in a first half net profit of MYR671.6m turning around from a MYR17.8m loss in the previous corresponding...

Drydocks World says its first Modular Capture Vessel, converted from an aframax tanker owned by AET, has set sail from its Dubai yard.

Kuala Lumpur: Malaysian state oil and gas firm Petronas has failed in its bid to take shipping firm MISC private.

Singapore: MISC minority investors are seeking to raise the buyout price being offered by Petronas.