MISC to bank on tanker market amid low oil prices

ALTHOUGH MISC Bhd bucked the trend of the storm that rocked so many other shipping giants across the globe last year, it may not be spared from the choppy waters ahead.

The outlook for the tanker market seems to be its only trump card to post better results this year as its other divisions – liquefied natural gas (LNG) shipping, heavy engineering, offshore and logistics – are expected to be affected by the low oil prices and the slower global economic growth.