LNG

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.

Malaysia International Shipping Corp. is continuing to upgrade its liquefied natural gas carrier fleet, now numbering almost 30 ships, and has taken delivery of the third in a series of five Moss-Type carriers as state energy company Petronas extends its reach with overseas offtake and more output from domestic floating and onshore plants.