Bleak earnings outlook for MISC amid charter rate swings

Restoring exercise: MISC has disposed of two its LNG fleet as two newbuilds are entering the fleet in the second half of 2016 from its deal with Petronas.

PETALING JAYA: The weak ringgit is a boon for global energy shipping company MISC Bhd, but unpredictable swings in tanker charter rates is clouding its earnings outlook.

“As consensus builds towards peak tanker rates this year, we expect MISC’s share price to be more volatile in 2016 than in the last two years,” CIMB Research said in a note.