LNG

MISC Group, the Malaysian company with more than 30 liquefied natural gas carriers in its fleet and with engineering and offshore divisions, is hoping to build on the momentum for growth in the shipping sector after sensing increased demand and securing two LNG carrier charters from ExxonMobil.

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.