MISC has announced a fall in third quarter earnings and legal action against Shell in a suit worth more than $200m.

The Malaysian shipowner reported net profit of MYR 143.4m ($34.2m) for the three months to the end of September, compared to MYR 504.1m a year earlier.

Operating profit was almost halved to MYR 310.8m while revenue fell from MYR 2.5bn to MYR 2.29bn.

MISC