LNG

Malaysian energy company Petronas has started commercial gas-up and cool-down services for the global LNG carrier fleet from its liquefaction plant at Bintulu port in Sarawak in competition to other ports such as Singapore.

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.

Malaysian International Shipping Corp., whose LNG fleet comprises almost 30 vessels, has taken delivery of an additional ship and newbuild, the “Seri Cemara”, the fifth in a series of five vessels with Moss-type storage tanks as the company makes advances in revenues and assets in cooperation with state energy company Petronas.

AET Inc., the petroleum logistics unit of Malaysian International Shipping Corp. with an operational fleet of 94 vessels, has signed a charter deal with Shell International Trading and Shipping Co. for the long-term charter of AET's two newbuild LNG dual-fuelled Aframax tankers.

Feb 28 (LNGJ) - Malaysian International Shipping Corp. has taken delivery of the LNG carrier “Seri Camar”, the fourth in a series of five vessels with Moss-type storage tanks. The 150,200 cubic metres capacity carrier was built at Hyundai Heavy Industries in South Korea and benefits from an Integrated Hull Structure (IHS) with four spherical tanks shielded by a continuous cover, fortifying the vessel to allow for operation in even the harshest marine environments. Owned by MISC and chartered to state energy company Petronas, the Malaysian-flagged vessel was delivered at a naming ceremony held at the HHI yard in the Korean port of Ulsan. “We’re proud to celebrate our 50th anniversary this year, growing from strength to strength to become one of the leading global providers of energy related maritime solutions and services,” said MISC President and Chief Executive Yee Yang Chien.

Malaysia International Shipping Corp. (MISC), whose LNG fleet comprises more than 30 vessels, said the LNG shipping sector faced ongoing tonnage oversupply and a difficult market in 2018 as it posted higher revenues and lower profits before tax in its annual earnings.