‘Chemical and petroleum shipping prospects challenging’: MISC

Kuala Lumpur: Shorn of its container fleet, Malaysia’s top name in shipping has given its outlook in the energy sectors it covers, and the look ahead is decidedly mixed. On prospects, MISC, while announcing its annual results, said: “Chemical and petroleum shipping prospects remain challenging amidst a vessel oversupply market. Long-term contracts in LNG and offshore businesses continue to provide stability to the group.”
 
MISC’s pre-tax profit for 2013 stood at RM2.23bn, a solid improvement over 2012’s RM1.52bn.  [14/02/14]

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