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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Getting Real on LNG Fuel

Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada.

Interferry Welcomes IMO Decision on LNG Fuel Tank Placement

Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships,

HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1527 sec (7 req/sec)