MISC Bhd

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MISC Bhd

Type of Company	Public listed company
Founded	1968
Headquarters	Malaysia
Key people	Chairman: Tan Sri Dato Sri Mohd Hassan bin Marican CEO: Dato’ Shamsul Azhar bin Abbas
Industry	Logistics
Products	Shipping
Revenue	Undisclosed
Website	www.misc.com.my

MISC Bhd, incorporated in 1968 as Malaysia International Shipping Corporation Bhd, is the leading international shipping line of Malaysia. Its main shareholder is Petroliam Nasional Berhad (PETRONAS), the national oil conglomerate of Malaysia. The principal business of the Corporation consist of ship-owning, ship-operating and other logistics and maritime transportation services. With a modern and well-diversified fleet of 139 vessels and a combined tonnage of 8 million deadweight tonnes (dwt).

MISC is a specialist in the carriage of Liquefied Natural Gas (LNG). With 18 LNG carriers, it is currently the world’s largest single owner/operator of LNG fleet. MISC’s 43 crude oil and 5 product petroleum tankers of between 6,000 – 299,999 dwt each carry crude oil, unleaded gasoline, gas oils and jet fuel.

In July 2003, MISC spread its wing in the petroleum tanker business through the acquisition of American Eagle Tankers (AET). The acquisition is a major boost for MISC in its drive to become the leading global energy transport provider. AET provides a strong growth platform for MISC in the Atlantic Basin complementing its existing Persian Gulf – Far East operations. With AET, MISC is now the second largest owner-operator of Aframax tanker fleet in the world.

In 2005, MISC adopted its present corporate identity and changed its name from Malaysia International Shipping Corporation Bhd to MISC Bhd.

The Corporation’s carried fleet of 34 bulk carriers consist of 11 panamaxes (64,000 – 73,000 dwt), 9 handymaxes (43,000 dwt) and 15 handysizes (7,000 – 38,000 dwt) bulk carriers. These are engaged in worldwide cross trading on voyage or time charters carrying grain, woodchip, coal, ores, fertilizers, steel and forestry products.

MISC also provides liner services through its 24 containerships which call regularly at ports in Europe, Mediterranean, South Africa, Persian Gulf, Australia, New Zealand, East Asia and South East Asia.