MISC Goes for Cost Efficiency

Wednesday, August 16, 2006
MISC Bhd expects shipping rates to be soft over the next two years and is focusing on improving cost efficiency, said company chairman Tan Sri Mohd Hassan Marican. He, however, does not see softer rates having a big influence on MISC’s earnings as many of the shipping company’s vessels are on long-term charters. Hassan said MISC would not exit the liner and logistics business, as it was not only important to the company but also to the shipping business in Malaysia. Hassan said the group’s debt to equity ratio had improved and the company had cash in excess of RM2.5bil, giving MISC the flexibility for expansion without burdening shareholders.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Underway on LNG

On 17 January 1955, Commander Eugene P. Wilkinson, USN, the first Commanding Officer of USS Nautilus (SSN 571) signaled the memorable and historic message “Underway on nuclear power.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

Cargo Ferry Project Moves Transport from Road to Sea

A new competitive and eco-friendly maritime transport concept, the Cargo Ferry project, was presented in Oslo today. The result of more than two years of work,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0993 sec (10 req/sec)