MISC is reported to be poised for a potential $4bn newbuilding binge across multiple sectors, TradeWinds understands.
The Malaysian shipowner has guided that it plans to “ramp up capex”, according to accounts of a recent briefing given to analysts by chief executive Yee Yang Chien.
“MISC is gearing up to take on multiple new projects across petroleum involving more long-term shuttle tankers, newbuild LNG carriers and FPSO projects, including the $2bn Mero-3 in Brazil,” said UOB Kay Hian analyst Kong Ho Meng.
