MISC Bhd (MIHDF) Price & Analysis

MISC Berhad is a leading international provider of maritime solutions and services tailored for the energy industry. Its diverse operations are structured across several key segments: LNG Asset Solutions, Petroleum & Product Shipping, Offshore Business, Marine & Heavy Engineering, and various other ventures. The company's core activities involve the ownership and operation of a wide range of vessels, including liquefied natural gas (LNG) carriers, petroleum and chemical tankers, as well as advanced offshore units like floating storage and offloading (FSO) vessels, mobile offshore production units (MOPU), and semi-submersible floating production systems. Furthermore, MISC provides extensive marine and heavy engineering services, covering the full spectrum of engineering, procurement, construction, installation, and commissioning (EPIC) for both offshore and onshore facilities, alongside specialized marine repair and conversion projects. Complementing these activities, the company offers maritime education and training for seafarers, manages port and terminal operations (including Sungai Udang Port), provides integrated marine support, crew management, and dry docking services for vessels. MISC also holds property assets. By February 17, 2022, the company managed a substantial fleet of approximately 100 owned and in-chartered vessels—encompassing LNG, petroleum, and product vessels, floating production systems, and LNG floating storage units—with a total deadweight tonnage capacity of around 13 million tonnes. Founded in 1968 and based in Kuala Lumpur, Malaysia, MISC Berhad functions as a subsidiary of Petroliam Nasional Berhad.