MISC lines orders LNG carrier newbuilds

Malaysia’s top shipping line, MISC, has set out to order more LNG ships, with newbuilding slots reportedly reserved in South Korea. South Korean shipbuilding sources have linked Samsung Heavy Industries and MISC to a letter of intent for two 174,000 cu m units and a potential deal estimated at $511m. Further details have not been

MISC, Samsung Heavy complete conceptual design of CO2 storage

Malaysia’s top shipping line, MISC, and South Korean shipbuilder Samsung Heavy Industries (SHI) have completed a conceptual design for a floating CO2 storage unit with the aim of enhancing the efficiency of the carbon capture and storage (CCS) value chain within the maritime industry. The floater, designed with a total storage capacity of 100,000 cu

MISC clinches sustainability-linked loan

Malaysia’s top shipping line MISC has clinched what it says is its first sustainability-linked loan.The company with more than 100 ships in its fleet, sealed an 11-year, $527m syndicated loan through its subsidiaries in Singapore, for the financing of six very large ethane carriers (VLECs). The ambitious environmental key performance indicator (KPI) is benchmarked to

TotalEnergies becomes member of the Castor Initiative

French energy major TotalEnergies has become the eighth member of the Castor Initiative, a multinational coalition of shipping industry players committed to the development and construction of ammonia-powered tankers. The coalition, founded in 2020 by Malaysia’s top shipping line MISC, South Korean shipbuilder Samsung Heavy Industries, and class society Lloyd’s Register, also includes German engine

NYK, K Line, MISC and China LNG order more gas ships

A quartet of Asian shipping powerhouses have won the next tranche of business in the huge QatarEnergy fleet expansion project. A consortium comprising Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) from Japan, Malaysia’s MISC and China LNG Shipping, the Cosco/China Merchants joint venture, have ordered five 174,000 cu m LNG carriers at

MISC inks charter contract with SeaRiver Maritime for two LNG carriers

Malaysia’s top shipping line, MISC, has inked a long-term time charter contract with ExxonMobil subsidiary SeaRiver Maritime, for two newbuild liquefied natural gas (LNG) carriers. The 174,000 cu m units will be built in South Korea and chartered for a firm period of 10 years for operations in international waters after delivery in 2026. They