MISC Group
MISC Group News
MISC Reports First Quarter Increase in Revenue
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the companyâs Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days, and higher revenue from Marine and Heavy Engineering segment, primarily from the ongoing projects advancing intoâŠ
Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds
Petronas LNG (PLL) has signed a 20-year time charter agreement with MISC Group for five newbuild liquefied natural gas (LNG) carriers as the Malaysian energy company strengthens long-term LNG supply capacity.The agreement covers five 174,000-cubic meter LNG carriers that will be built by Hudong-Zhonghua Shipbuilding in Shanghai, China, with charter commencements expected between 2029 and 2030.The vessels will feature XDF2.1 propulsion technologyâŠ
MISC Names LNG Carrier Vessel Pair
MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd., the 174,000 CBM LNG carriers are equipped with smart and energy-efficient technologiesâŠ
ABS Approves MISC and China Offshoreâs Ammonia FPSO Design
MISC and China Offshore Engineering & Technology Company have received the Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for their design of an ammonia floating production storage and offloading (FPSO) vessel.This innovative floater solution adapts proven onshore production technology for offshore operations, transforming unutilized hydrocarbon gas from nearby offshore facilities into high-value blue ammoniaâŠ
MISC Orders LNG Dual-Fuel Suezmax Pair in Fleet Renewal Drive
MISC Group said has signed shipbuilding contracts for two LNG dual-fuel Suezmax tankers through its petroleum and product shipping arm AET, marking a further step in its fleet renewal and energy transition strategy.The vessels will operate under long-term time charter party agreements, which the company said will strengthen financial resilience and support disciplined growth. The additions expand MISCâs global dual-fuel fleetâŠ
Newbuild Vessel Pair Joins QatarEnergyâs Growing LNG Fleet
Malaysiaâs MISC Group and its consortium partners NYK, K-Line, and China LNG Shipping (Holdings) have taken delivery of two new-generation liquefied natural gas (LNG) carriers, the Mihzem and Idd Al Shargi, marking another milestone in QatarEnergyâs LNG fleet expansion program.Built by Hudong-Zhonghua Shipbuilding, the two carriers are the fifth and sixth vessels in the consortiumâs 12-vessel series and the first to be managed by MISCâs Marine Services arm.
Bureau Veritas Greenlights Ammonia-Powered LR2 Tanker with PEM Fuel Cells
MISC Berhad (MISC) and Samsung Heavy Industries (SHI) have received the Approval in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for the design of the worldâs first ammonia-fueled LR2 tanker powered by Proton Exchange Membrane Fuel Cell (PEMFC) technology.The AiP from BV confirms the technical feasibility of the concept as well as initial conformity to the applicable rules, industry codesâŠ
PETRONAS, MISC, MOL ink JV to Pioneer CO2 Transport
PETRONAS CCS Ventures Sdn. Bhd. (PCCSV) MISC Berhad (MISC), and Mitsui O.S.K. Lines, Ltd., (MOL) announced the incorporation of a strategic joint venture (JV), Jules Nautica Sdn. Bhd. This JV will lead the development and act as the ultimate owner of Liquefied Carbon Dioxide (LCOâ) carriers, which are critical for transporting LCOâ to designated storage sites as part of advancing carbon capture and storage (CCS) solutions.The trio completed the Front-End Engineering Design (FEED) for a 62âŠ
NYK, Partners Name First of 12 New LNG Tankers for QatarEnergy
A joint venture, comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings), has held a naming ceremony for a new liquefied natural gas (LNG) carrier for QatarEnergy, the first of 12 being built for the state-owned energy company of Qatar.The ceremony was held at Hudong-Zhonghua Shipbuilding (Group) in China, and the vessel was named Al Tuwar, after the name of a hill in Al WakrahâŠ
MPA and MISC Partner Up for Maritime Ops Digitalization
The Maritime and Port Authority of Singapore (MPA) and Malaysiaâs MISC have signed a memorandum of understanding (MoU) to strengthen collaboration in innovation, research and development (R&D) and test-bedding activities, to advance digital transformation in the maritime industry.As part of the three-year arrangement, both parties will focus on integrating sustainable digital technologies into marine operationsâŠ
Ultra-Deepwater FPSO Starts Oil Production Offshore Brazil
Petrobras has achieved first oil with the Floating Production Storage and Offloading (FPSO) unit Marechal Duque de Caxias, one of the largest ultra-deepwater FPSOs in the world, installed at the Mero field in Santos Basin, offshore Brazil.The FPSO has the capacity to produce up to 180,000 barrels of oil per day and compress up to 12 million cubic meters of gas daily. It will increase Meroâs installed production capacity from 410âŠ
WinGD to Supply Engines for AETâs Ammonia-Fueled Aframax Tankers
Swiss marine power company WinGD has secured an order for its XâDFâA ammonia-fueled engines for what will be the worldâs first ammonia dual-fuel Aframax tankers.Two vessels ordered by Singapore based ship owner and operator AET, a petroleum arm of Malaysiaâs MISC Group, will be built at Dalian Shipbuilding Industry with six-cylinder X62DF-A engines, the newest addition to WinGDâs clean-fuel engineâŠ
MISC Signs Deals for Worldâs First Ammonia Dual-Fuel Oil Tankers
Malaysiaâs MISC Group has entered into time charter party (TCP) and shipbuilding contracts for the development of worldâs first two ammonia dual-fuel Aframax oil tankers.The TCP contract has been signed with Petronas' PETCO Trading Labuan Company (PTLCL), through MISC Group's petroleum arm AET.Using these vessels, PTLCL will be able to transport its products to customers around the world while contributingâŠ
AET Names New LNG Dual-fuel VLCC
AET, a member of the MISC Group, held a naming ceremony in Singapore for its latest liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), Eagle Veracruz.The Singapore-flagged 300,000 dwt tanker was named by Singaporeâs Minister for Sustainability and the Environment (MSE) Grace Fu, who is also the Lady Sponsor of the vessel. The ceremony, which was held at the PSA Keppel Terminal, also saw attendance by Teo Eng DihâŠ
MISC Sells LNG Carriers to Japanese Owner
MISC Berhad (MISC) entered into an agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun) for the sale and charter of two of its existing LNG carriers.MISC will transfer ownership of the LNG carriers to Nissen Kaiun, and simultaneously enter into a charter agreement with Eaglestar and Synergy Marine as the shipmanagers.The first of the two vessels is expected to be delivered to Nissen Kaiun in the fourth quarter of 2023.
Samsung Heavy and MISC Develop Floating CO2 Storage Unit
Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100,000 cubic meters of liquefied CO2 at -50 degrees Celsius or less.The injection module mounted on the upper part of the hull secures the ability to send five million tons (MTPA) of CO2 per year to the depths of the seabed.
AET Delivers LNG Dual-Fuel VLCC to Shell
AET delivered its newest vessel, the first of three Very Large Crude Carrier (VLCC) powered by dual-fuel liquefied natural gas (LNG) engines, on long-term charter to Shell Tankers (Singapore) Private Limited.The Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials. The naming of the 300âŠ
MISC Group, WinGD Ink Deal on Ammonia Engines
Malaysia's MISC Group signed an agreement to develop ammonia engines for ships, marking a step towards zero-emission shipping operations, the company said.MISC-owned AET and Akademi Laut Malaysia (ALAM) have signed an agreement with WinGD to develop engines for ammonia dual-fuelled vessels, a first for deep-sea vessels, MISC said in a statement.ALAM also signed an agreement with shipping classification society DNV for the trainingâŠ
Osman Named President, CEO at AET
MISC Berhad announced the change of President & CEO and Chairman of AET effective June 1, 2023. Zahid Osman has been appointed as the President & CEO, succeeding Capt. Rajalingam Subramaniam. The current Chairman, Datuk Yee Yang Chien will step down as of 31st May 2023, and Capt. Rajalingam will take over as the Chairman of AET on June 1, 2023.Currently, Osman is the Vice President of Corporate Planning at MISC.
Samsung Heavy Delivers LNG Pair for MISC
Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co., Ltd. (SHI), and upon their delivery, the new LNG carriers will be on long-term charters to ExxonMobilâs wholly-owned subsidiaryâŠ
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