MISC cuts chemical fleet

Kuala Lumpur: MISC has announced plans to cut down the size of its chemical tanker fleet to help reduce losses. The plan is to have just seven tankers on charter by the end of next year. As it stands it has 21 ships, of which 10 are chartered in.

“With the expiry of three chartered-in vessels next year, MISC will only operate seven chartered-in chemical tankers by the end of 2015 from a peak of 31 ships as at the second quarter of 2012,” said CIMB Research in a report.  [08/08/14]

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