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

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Ship Simulators Shipbuilding / Vessel Construction 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: 0.1067 sec (9 req/sec)