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.
PaxOcean, a unit of Singapore’s Kuok and owner of five shipyards, has completed repair work on liquefied natural gas (LNG) carriers owned by Indonesia's Sillo Maritime and South Korea's Hyundai LNG Shipping.
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.
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.