KUALA LUMPUR: MISC Bhd
has a positive outlook on the shipping and offshore markets over the remaining quarters of 2019, underpinned by growing demand and firmer freight rates.
"The latter half of 2019 is expected to pick up for the tanker market as ship supply will be crimped by vessels taken out of service for scrubber retrofitting, and tanker markets would be boosted by increasing US oil exports and increase in tonne-mile demand," it said in a note accompanying its latest earnings announcement.
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