Marine Link
Friday, March 29, 2024

MISC Goes for Cost Efficiency

Maritime Activity Reports, Inc.

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.
LNG

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week