By LNG World News Malaysian LNG shipper, MISC, on Friday reported a drop in LNG revenue for the fourth quarter and the year 2016.
For the fourth quarter, MISC reported LNG revenue of RM 558.1 million (Approx: US$125.6 million) down 25.6 percent from the RM 749.8 million in the corresponding quarter of 2015.
For the year 2016, MISC reported LNG revenue of RM 2,481.6 million (Approx: US$558.3 million), dropping 11.5 percent from 2015 LNG revenue of RM 2,805.0 million.
The company attributed the drop to operating a smaller fleet of vessels following the disposal of two vessels in November 2015 and lower charter rates earned on new
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