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Malaysia International Shipping Corporation Bhd News

08 Mar 2006

Petronet LNG to Float Subsidiary

Natural gas importer Petronet LNG Ltd (PLL) plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at Kochi in Kerala. The diversification plan has been unveiled in the tender conditions stipulated by Petronet for selecting ship owners and operators for transporting LNG to the Kochi terminal. This is a departure from the first two shipping tenders finalized by Petronet for hauling gas from RasGas in Qatar to Dahej in Gujarat, wherein it holds a 15 percent stake each in the first two tankers and 23 percent stake in the third tanker. The recent tender floated by Petronet for time chartering two LNG tankers of 165…

08 Oct 2002

Xantic and MISC Sign Agreement

Xantic has announced the signing of a contract with Malaysia International Shipping Corporation Bhd (MISC). The agreement will see Xantic provide consultancy, training, support, software installation and airtime as part of a major business transformation process currently being implemented by MISC. The contract between Xantic and MISC is worth US$10 million over two years. The catalyst for the agreement was MISC’s decision to refocus its business in line with its vision of becoming “the preferred supplier of world class maritime transportation and logistics services”. Started in 1997, the final phase of this project is now underway in the form of implementing the operational systems within the entire MISC organisation and its fleet.