MISC Reports Better 3Q

Friday, March 02, 2007
MISC Bhd reported a better third quarter on sale of ships and expects demand for oil rigs to counter weak shipping charges, reported the Business Times. The company, a subsidiary of state oil and gas firm Petroliam Nasional Bhd, also stressed that its long-term contracts to carry liquefied natural gas (LNG) would help buffer earnings.

The company made a net profit of RM944.48 million for the quarter to December 31 2006, up 17.6 per cent from RM803.17 million in the previous corresponding quarter. The net profit was boosted by a gain from the sale of ships.

According to its website, MISC owns 21 container ships, 13 chemical tankers, 45 oil tankers and 23 LNG carriers. It has ordered a container ship, 11 oil tankers, eight chemical tankers and six LNG carriers. Source: Business Times

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Repair Sonar Winch
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: 0.1051 sec (10 req/sec)