- Business
- MISC Berhad (MYX: 3816), incorporated in 1968 and headquartered at Menara Dayabumi in Kuala Lumpur, Malaysia, operates as Malaysia's leading international shipping line and a key subsidiary of Petroliam Nasional Berhad (Petronas); the company specializes in energy transportation and marine services across segments including gas assets and solutions, petroleum and product shipping, offshore business, marine and heavy engineering, and others. Core offerings encompass liquefied natural gas (LNG) carrier services with a leading fleet of approximately 29 vessels such as Seri, Puteri, Tenaga, and Aman classes; petroleum tanker operations via subsidiary AET featuring very large crude carriers (VLCCs, 13 vessels), Aframax (50 vessels), Suezmax, DP shuttle tankers, Panamax, and CPP classes totaling over 10 million DWT; chemical tanker services with 22 vessels including Bunga and Melati classes for petrochemicals, vegetable oils, and chemicals; and offshore floating facilities such as FPSOs (5 units), FSOs (5 units), MOPUs (2 units), and semi-FPS comprising ownership, leasing, operations, and maintenance. Through Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), MISC provides marine repair, conversion, engineering, and construction for oil and gas facilities; additional services include integrated marine operations, port and terminal management, and maritime education via the Malaysian Maritime Academy, with trading routes spanning Southeast Asia, Far East, Middle East, Europe, Indian Subcontinent, Americas, and global lightering leadership in US Gulf ship-to-ship transfers. In recent developments, MISC completed share purchase agreements with SBM Offshore in January 2025, acquiring full divestment of FPSO Kikeh interests in Malaysia while divesting its stake in FPSO Espirito Santo in Brazil, as part of portfolio rationalization and strategic asset swaps announced in September 2024; the company also maintains focus on sustainability through internal carbon pricing implemented since January 2023 for new investments and reports 9MFY25 core net profit of RM1.8 billion amid softening charter rates.