AsiaCorporate

Malaysia’s MISC reports lower LNG earnings

By LNG Prime Staff
Malaysia's MISC reports lower LNG earnings
Image: MISC

Malaysia’s LNG shipping player MISC, a unit of Petronas, said its LNG business logged a drop in operating profit and revenue in the first quarter of this year. MISC also said LNG carrier spot rates are expected to remain subdued due to the continuous oversupply of vessels.

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

LNG Terminals

Cheniere’s Corpus Christi Trains 8 and 9 project more than 50 percent complete

Cheniere's Corpus Christi Midscale Trains 8 and 9 project in Texas is more than 50 percent complete, according to the latest construction update.
LNG Terminals

Genting wraps up stake sale in Indonesian FLNG project

Malaysia’s Genting completed the sale of a 5 percent interest in its Indonesian floating LNG project to a unit of Indonesia's Rukun Raharja.
LNG as Fuel

DNV says LNG bunkering fleet may need to more than double by 2030

The global LNG bunkering vessel fleet may need to more than double by 2030 as demand from LNG-fueled ships grows faster than the infrastructure required to supply them, according to classification society DNV.

More News Like This

Corporate

MISC reports lower LNG earnings in Q2

Malaysia’s LNG shipping player MISC, a unit of Petronas, said its LNG business logged a drop in operating profit and revenue in the second quarter of this year. MISC also expects spot LNG carrier rates to remain volatile in the near term because of uncertainties around the Strait of Hormuz situation.
Contracts and Tenders

MISC orders LNG vessel for charter to Petronas

Malaysian LNG shipping firm MISC has ordered one 18,700-cbm LNG carrier from China's Hudong-Zhonghua, backed by a 10-year charter deal with a unit of its parent Petronas.
Vessels

Indonesia’s Sillo Maritime buys LNG carrier for $65 million

Indonesia's Sillo Maritime has purchased a 2009-built liquefied natural gas (LNG) carrier for $65 million.
LNG as Fuel

MISC, K Line charter another LNG-powered LCO2 carrier to Northern Lights

Malaysia's MISC and Japan's K Line have secured a second long-term time charter deal from Norway’s Northern Lights, a joint venture consisting of Equinor, Shell, and TotalEnergies, for an additional newbuild LNG-powered liquefied CO2 vessel.