Malaysia’s MISC says LNG earnings down in Q3

Malaysia’s LNG shipper MISC, a unit of Petronas, said its LNG business logged a drop in operating profit and revenue in the third quarter of this year.

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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.

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