MISC Berhad

What MISC Berhad does

MISC Berhad is a Kuala Lumpur-headquartered, publicly listed Malaysian maritime solutions company incorporated in 1968 (Bursa Malaysia: MISC) that provides international energy-related maritime transportation and related services to global energy majors and national oil companies. Its operating model is built around long-dated time charter contracts — typically 20 years — with anchor clients including PETRONAS LNG Ltd, Petronas Gas Berhad, ExxonMobil subsidiary Seariver Maritime LLC, and the Northern Lights JV (Equinor, TotalEnergies, Shell).

The company owns and operates a fleet of 122+ vessels across seven solution lines: 32 LNG carriers, 72 petroleum and product tankers, 12 floating storage and production (FSO/FPSO) assets, 6 ethane carriers, plus marine and heavy engineering, marine services, maritime education and training through Akademi Laut Malaysia (ALAM), and a new-energy/decarbonisation segment focused on LCO2 shipping for carbon capture and storage. Recent newbuilds feature dual-fuel LNG propulsion and the ICER energy-efficient technology (e.g., 174,000 m³ LNG carriers Seri Dian and Seri Dayang). Asset delivery is supported by in-house fabrication through subsidiary Malaysia Marine and Heavy Engineering (MHB) and a network of leading Asian shipyards (Hudong-Zhonghua, Hanwha Ocean, HD Hyundai, Dalian Shipbuilding, Samsung Heavy Industries).

MISC generates revenue primarily through long-term subscription-style time charter contracts (LNG, LCO2, FSRU, ethane vessels) and managed services for offshore FPSO/FSO operations. Contract economics disclosed include ~US$120,000/day FSRU charter rates with ~20% pre-tax margins, RM35–50 million estimated annual revenue per LCO2 carrier, and an RM12.3 billion disclosed order book. The go-to-market is exclusively enterprise field sales — direct negotiations and consortium arrangements with major energy counterparties — with no consumer or SMB distribution. The company employs 8,000+ sea and shore professionals across 55+ countries.

Name

MISC Berhad

Legal name

MISC Berhad

Website

https://misc.com.my

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MISC Berhad is a publicly listed Malaysian maritime energy-shipping operator serving global energy majors (PETRONAS, ExxonMobil, Equinor, TotalEnergies, Shell) with a 122+ vessel fleet spanning LNG, petroleum, FPSO/FSO, ethane, and emerging LCO2 and FSRU segments under long-term 20-year charter contracts.

Ownership category

akta.pro rank

Product category

Maritime Energy Transportation Services

NAICS

Support Activities for Water Transportation (4883), Marine Cargo Handling (48832)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

Keywords

• LNG carrier shipping
• Offshore FPSO operations
• Maritime energy logistics
• Petroleum product tankers
• Marine heavy engineering

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. LNG Carrier Time Charters: Long-term 20-year time charter agreements for LNG carriers with PETRONAS LNG Ltd and ExxonMobil subsidiary Seariver Maritime. Revenue recognized over contract terms with vessels commencing operations 2029-2030.
2. LCO2 Carrier Operations: Time charter contracts for specialized liquid CO2 carriers supporting Northern Lights' carbon capture and storage network. Estimated annual revenue of RM35-50 million per vessel once operational.
3. FSRU Operations: 20-year floating storage and regasification unit contract from Petronas Gas Berhad for Malaysia's third LNG import terminal. Estimated daily charter rate of US$120,000 with 20% pre-tax profit margin.
4. Offshore FPSO/FSO Operations: Operation and maintenance of 12 floating production, storage and offloading assets globally for oil and gas clients
5. Petroleum Shipping: Transport of crude oil and refined petroleum products across global energy corridors via 72-vessel fleet

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

MISC Berhad owns and operates a diversified global fleet of 122+ vessels providing energy-related maritime transportation and offshore production services. Core offerings include LNG carrier shipping, petroleum and product tanker operations, floating production storage and offloading (FPSO/FSO) assets, floating storage and regasification units (FSRUs), LCO2 carriers for carbon capture and storage, marine and heavy engineering, and maritime education and training. The company secures long-term charter contracts (typically 20 years) with major global energy companies and national oil corporations.

Product overview

MISC Berhad is a global leader in energy-related maritime solutions operating a multi-segment portfolio. The company offers integrated end-to-end maritime services across seven core segments: Petroleum and Product Shipping (72 vessels), Gas Assets and Solutions (32 LNG carriers, 6 ethane carriers), Offshore Business (12 FSO/FPSO assets), Marine and Heavy Engineering, Marine Services, Maritime Education and Training (via Akademi Laut Malaysia), and New Energy and Decarbonisation. Recent strategic expansions include entry into floating regasification infrastructure with FSRU vessels and growth in LCO2 shipping for carbon capture and storage. The company operates subsidiaries including AET (tanker services) and MHB (heavy engineering) to deliver comprehensive solutions from ship management and floating production to fabrication and crew training.

Differentiator

Problem solved

Functional benefit

Brands

• AET: Tanker shipping services brand under MISC Group
• ALAM
• MHB

Products and services

• Petroleum and Product Shipping Owns and operates a global fleet of 72 petroleum and product tankers enabling safe and efficient transport of crude oil and refined products across key energy corridors. Serves global energy majors and trading houses requiring reliable long-haul petroleum logistics.

Quantifiable outcome

• 2 million cumulative work hours without injury on LNG carrier project as of March 30, 2026
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Kawasaki Kisen Kaisha (K Line)coreStrategic or Co-development Partner · 3 June 2026MISC and K Line consortium awarded second LCO2 carrier charter by Northern Lights JV. The 12,000 cubic meter vessel to be constructed by Dalian Shipbuilding Offshore will transport captured CO2 from European industrial hubs to Norway offshore storage facilities as part of Northern Lights' CCS network.
• Seariver Maritime LLC (ExxonMobil subsidiary)coreStrategic or Co-development Partner · 8 May 2026MISC named two new LNG carriers (Seri Dian and Seri Dayang) built by Hanwha Ocean Co Ltd under long-term charter agreement with Seariver Maritime. Each vessel has 174,000 cubic metres capacity with ICER energy-efficient technology. This brings total LNG carriers under SRM charter to four.
• Petronas Gas BerhadcoreStrategic or Co-development Partner · 6 May 2026MISC secured 20-year contract to supply, operate, and maintain FSRU for Malaysia's third LNG import terminal in Lumut, Perak. The FSRU will have 170,000 cubic metres storage capacity and 500 MMscfd regasification capacity, built by Samsung Heavy Industries at approximately US$390 million capital expenditure.
• PETRONAS LNG LtdcoreStrategic or Co-development Partner · 9 February 2026MISC received letter of award for 20-year time charter contracts for newbuild LNG carriers with services commencing 2029 through wholly-owned subsidiaries. MISC entered shipbuilding contracts with Hudong-Zhonghua Shipbuilding for vessel construction.
• Northern Lights JV (Equinor, TotalEnergies, Shell)coreStrategic or Co-development Partner · 30 January 2026Joint venture backed by three major energy majors (Equinor, TotalEnergies, Shell) has awarded MISC and K Line consortium long-term charters for four new 12,000-m3 LCO2 carriers to support Northern Lights' CCS expansion. Vessels to be built by Dalian Shipbuilding and HD Hyundai Heavy Industries with deliveries 2028-2029. Expansion aims to increase transport and storage capacity to over 5 million tonnes of CO2 per year.
• Singapore Maritime and Port AuthorityminorStrategic or Co-development PartnerDecember 2024 agreement for three-year cybersecurity framework including testing cybersecurity solutions, cross-border data sharing, and exploring AI platforms using semi-autonomous vessels. Leverages existing Malacca Strait Patrols partnership.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MODEC: MODEC supplies, owns, and operates FPSOs and FSOs for offshore oil and gas producers worldwide, with a comparable lease-and-operate model to MISC's offshore business. Both companies provide integrated lifecycle solutions from design through operations.
• Höegh LNG Partners: Höegh LNG owns and operates FSRUs and LNG carriers under long-term charters, directly comparable to MISC's gas assets business. Both companies monetise floating LNG infrastructure across importing markets.
• Stolt-Nielsen: Stolt-Nielsen operates a global fleet of chemical and product tankers plus tank terminal infrastructure, comparable to MISC's 72-vessel petroleum shipping segment. Both serve specialty energy and chemical shippers with integrated logistics.
• Frontline: Frontline is one of the world's largest independent tanker operators focused on crude oil transportation, directly comparable to MISC's petroleum shipping segment. Both companies compete in the global seaborne transportation of crude and products.
• Euronav: Euronav operates VLCC and Suezmax tankers globally for crude oil transportation, comparable to MISC's petroleum shipping operations. Both companies compete in the seaborne crude oil market under a mix of spot and time charter arrangements.
• BW LNG: BW LNG operates one of the world's largest LNG carrier fleets under long-term charters to energy majors, directly comparable to MISC's 32-vessel LNG fleet. Both compete for large-scale, multi-year charter awards from IOC and NOC counterparties.
• SBM Offshore: SBM Offshore is a global leader in FPSO lease-and-operate, directly comparable to MISC's 12-asset FSO/FPSO portfolio serving deepwater oil & gas clients. Both companies deliver integrated production, storage, and offloading solutions under long-term contracts.
• Golar LNG: Golar pioneered the FLNG/FSRU conversion business and operates floating regasification assets globally, comparable to MISC's new FSRU entry with Petronas Gas. Both target the growing LNG import infrastructure market via floating, rather than onshore, solutions.
• Teekay Corporation: Teekay operates a diversified fleet spanning LNG carriers, shuttle tankers, and FPSO units, closely mirroring MISC's portfolio mix across gas, petroleum, and offshore production. Both companies pursue long-term charter strategies with energy majors and NOCs.

Regional players

• Bumi Armada: Bumi Armada is a Malaysia-based FPSO and OSV operator serving similar upstream oil & gas clients to MISC's offshore business. As a regional Southeast Asian peer, it provides a Malaysian-listed comparable for FPSO operations and offshore support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@miscgroup
• LinkedInlinkedin.com/company/misc-berhad
• Xx.com/MISCBerhad
• Facebookfacebook.com/MISCBerhadOfficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MISC Berhad