Marine Link
Monday, September 26, 2016

MISC Looks for Takeover Targets

August 15, 2006

MISC Bhd, the world's largest carrier of liquefied natural gas (LNGLF) (LNG), is on the lookout for takeover targets to help it grow amid softer shipping rates, according to a report on http://www.btimes.com.my. In 2003, the firm bought American Eagle Tankers (AET), a crude oil transportation company, from Singapore's Neptune Orient Lines (NPTOF) for $445 million. An analyst from a foreign research house said that if MISC were to buy, it will be to support AET to grow its petroleum business. MISC has allocated some RM8.44 billion mainly to build tankers and ships. It owns 21 LNG tankers, 49 petroleum tankers, 13 chemical tankers and 21 containerships as of June 30. (Source: http://www.btimes.com.my)


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

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

Subscribe for Maritime Reporter E-News