MISC expects to secure more jobs this year

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The shipping company had bid for jobs worth US$6 billion in the first quarter of 2019.

KUALA LUMPUR: MISC Bhd expects to secure more projects this year, given the company’s capability of taking up to US$2–US$3 billion worth of new jobs, compared with the US$1 billion projects clinched in 2018, said president and CEO, Yee Yang Chien.

“So, we hope the number of bids we get will improve in 2019,” he told reporters after MISC’s annual general meeting here today. When asked for an update, Yee said: “The tender is still open and it will be closed at the end of this month.” On the liquefied natural gas segment, he said the company expected to continue to benefit from the strengths seen in 2018, supported by demand in Asia, additional supply from new liquefaction projects and slower LNG fleet growth in 2019.

 

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