LNG

MISC Berhad, the Malaysian shipping line, has taken its liquefied natural gas fleet to 30 vessels by acquiring two older ships from Italy’s energy company Eni and chartering them back to the Italians in a deal with the potential for the carriers to be future conversions for floating LNG projects.

Malaysian International Shipping Corp., whose liquefied natural gas fleet comprises 30 vessels among its 120 ships, posted lower first-quarter revenue and profits, though the outlook for the LNG sector was viewed by the company as positive.