AsiaCorporateVessels

MISC reports lower LNG earnings in Q2

By LNG Prime Staff
Malaysia’s MISC reports lower LNG earnings in Q2
For illustration only (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 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.

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