Subscribe to RSS feedMISC boxship ‘Achilles heel’ is bottom line
by
Marcus Hand, Kuala Lumpur
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last modified
Aug 27, 2009 04:59 PM
MISC, the world’s largest owner and operator of liquefied natural gas carriers, reported a RM315m (US$89.3m) loss for its liner business in the first quarter.
The Malaysian shipowner reported a first quarter net profit of RM282m for the period ending June 30, down 49.6% year-on-year, which it blamed on losses from its container shipping and chemical tanker businesses, and lower profits from its petroleum tanker...
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