MISC well positioned to weather challenges

MBSB Research expects LNG carrier rates to recover by the first quarter next year as new liquefaction projects come online.

PETALING JAYA: Analysts expect MISC Bhd to continue to be weighed down by soft liquefied natural gas (LNG) shipping rates on the back of subdued demand.

“We anticipate near-term headwinds in gas assets and solutions, where a fleet expansion and subdued demand are expected to keep LNG carrier rates soft in the second half of this year,” MBSB Research said.