AsiaCorporateVessels

Malaysia’s MISC reports lower LNG earnings in Q3

By LNG Prime Staff
Malaysia’s MISC reports lower LNG earnings in Q3
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 third quarter of this year. MISC also said LNG carrier spot rates are expected to remain soft, primarily due to continued vessel oversupply resulting from strong newbuild deliveries and increasing number of vessels coming off long-term charters.

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