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

Novatek installs Arctic LNG 2 GBS

Russian LNG exporter Novatek has completed the installation of the first gravity-based structure platform which will serve its Arctic...
LNG as Fuel

China’s Hengli wins orders for 52 LNG-powered container vessels

China’s Hengli Heavy Industry has secured orders from international shipping firms, including MSC, for 52 ultra-large LNG dual-fuel container vessels.
Contracts and Tenders

NFE in Puerto Rico LNG supply contract dispute

The Puerto Rico Electric Power Authority (PREPA) and US LNG player New Fortress Energy are in dispute over liquefied natural gas (LNG) deliveries under their long-term LNG supply deal, according to the Financial Oversight and Management Board for Puerto Rico.

More News Like This

Vessels

MISC orders five more LNG carriers in China

Malaysian shipping firm MISC has officially signed a shipbuilding deal with China’s Hudong-Zhonghua for five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers, which will serve a 20-year charter with a unit of MISC’s parent, Petronas.
Contracts and Tenders

MISC JV seals Malaysian LNG carrier charter deal

A joint venture of Malaysian LNG shipping firm MISC and Japan's NYK has signed a long-term charter agreement with Malaysia LNG (MLNG), a unit of Petronas and operator of the giant Bintulu LNG complex, for one 18,700-cbm LNG carrier.
Vessels

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.
Vessels

MISC names QatarEnergy LNG carrier

South Korea's Samsung Heavy Industries hosted a naming ceremony for a liquefied natural gas (LNG) carrier it built for Malaysia's MISC and state-owned LNG giant QatarEnergy.