MISC stock gains as five LNG charters extend fleet visibility

Published on 10/31/2026 at 01:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MISC stock is in focus after five long-term LNG charters from PETRONAS LNG. The vessels are expected to enter service from 2030.

LNG charters extend fleet visibility

MISC secured five firm 20-year LNG charters from PETRONAS LNG, with service expected to begin in 2030.
The project supports fleet renewal and links new vessel investment to identified customer demand.
The contract value was not disclosed, and the award is not expected to materially affect 2026 earnings per share.

MISC, MYL3816OO005, Illustration mit AI erstellt.

MISC Berhad has secured long-term charter awards for five new liquefied natural gas carriers from PETRONAS LNG, strengthening the visibility of its LNG shipping programme. The Edge Malaysia reported on October 8 that each vessel will operate under a firm 20-year charter, with operations expected to begin in 2030.

Long-term demand supports newbuilds

MISC will provide the shipping services through wholly owned subsidiaries and plans to enter shipbuilding contracts with Hudong-Zhonghua Shipbuilding in China. The contract value was not disclosed. The company said the project is designed to support PETRONAS' expected LNG production growth and renew its carrier fleet with more efficient vessels.

The award connects future fleet investment with identified customer demand several years before delivery. The Edge Malaysia reported that MISC's fleet included 32 LNG carriers, 72 petroleum vessels, 12 floating storage and production assets, and six ethane carriers.

Share price and investor focus

MISC stock traded at MYR 8.25 on Bursa Malaysia at 8:51 a.m. UTC on Friday, October 30. The next market focus is the execution of the shipbuilding arrangements and progress toward the planned 2030 service start.

For the latest trading information, see the real-time quote of MISC Berhad stock.