CIMB Research warned that the storm clouds of a major tanker freight rate correction can already be seen in the horizon, newbuilding deliveries expected to pick up considerably from 4Q15, and potential oil output cutbacks in 2016. The window to invest profitably in MISC is slowly, but surely, narrowing.
KUALA LUMPUR: LNG shipping company MISC is not in talks to buy TH Heavy Engineering Bhd's floating production and fabrication businesses.
MISC said on Wednesday it was not involved in any on-going discussions with TH Heavy to buy these businesses.
It was responding to news reports that it was in talks with the oil and gas related company for a possible purchase.
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