MISC horizon broadens with new vessel

HLIB Research said MISC’s offshore business is entering into a new chapter.

PETALING JAYA: MISC Bhd now has the ability to bid for more new floating production storage and offloading (FPSO) projects as well as complete its future jobs, say analysts.

Following a recent site visit to the group’s Mero 3 FPSO vessel at the CIMC Raffles Shipyard in Yantai, China, TA Research said it came back feeling more confident on the maritime conglomerate’s Mero 3 execution and its prospects.