# MISC Berhad: Malaysia's Shipping and Maritime Major

> MISC Berhad is Malaysia's largest shipping and maritime energy-logistics group, controlled by Petronas but separately listed on Bursa Malaysia, spanning LNG carriers, petroleum tankers, offshore floating facilities and heavy engineering.

- Category: companies
- Language: en
- Status: published
- Updated: 2026-07-28
- Canonical: https://negaraku.md/en/companies/misc-berhad

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MISC Berhad is the maritime arm of Malaysia's energy economy — the group that moves the nation's gas and oil across the world's oceans.

## What is MISC Berhad?

MISC Berhad is a Malaysian maritime energy-transportation and logistics group, and one of the world's largest owner-operators of liquefied natural gas (LNG) carriers.

It was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and adopted its present corporate identity in September 2005. The company is listed on Bursa Malaysia under stock code 3816. (These historical details are widely reported but should be confirmed against a primary MISC source — see the verification notes in this profile's metadata.)

Beyond shipping, MISC also owns offshore floating production facilities and a heavy-engineering yard, making it a diversified maritime player rather than a pure shipowner.

## How is MISC structured, and what are its segments?

MISC reports through four business segments. Together they cover the full chain of moving and processing hydrocarbons at sea.

| Segment | What it does |
| --- | --- |
| Gas Assets & Solutions | LNG carrier shipping and related gas solutions |
| Petroleum & Product Shipping | Crude, petroleum and chemical tankers, operated largely through subsidiary AET |
| Offshore | Floating production, storage and offloading facilities (FPSO / FSO units) |
| Marine & Heavy Engineering | Marine repair, conversion, and offshore construction (via Malaysia Marine and Heavy Engineering) |

The petroleum and product tanker business runs mainly through AET Tankers, whose fleet includes very large crude carriers (VLCCs), Aframaxes, Suezmaxes and dynamic-positioning shuttle tankers. The engineering segment operates through Malaysia Marine and Heavy Engineering (MMHE).

## Who owns MISC Berhad?

Petronas (Petroliam Nasional Berhad), Malaysia's national oil company, is the controlling shareholder. Petronas holds a stake of approximately 51%, and in its 2020 portfolio-optimisation exercise stated that it "continues to retain controlling stakes in MISC."

This ownership matters: it makes MISC a Petronas-affiliated company, giving it a captive relationship with Malaysia's LNG and petroleum export flows, while remaining a separately listed entity whose shares trade freely on Bursa Malaysia.

## How did MISC perform recently?

In its financial year 2024, MISC Group reported the following results.

| Metric | FY2024 | FY2023 |
| --- | --- | --- |
| Revenue | RM13,237.5 million | RM14,271.7 million |
| Profit before tax | RM1,283.5 million | RM2,093.7 million |
| Profit after tax | RM1,233.2 million | RM1,958.9 million |

Revenue fell 7.2% year on year. The decline was driven largely by the Gas Assets & Solutions and Offshore segments — the Gas business faced fewer earning days from contract expiries and softer charter rates amid vessel oversupply, while Offshore revenue reflected reduced project progress after a major FPSO reached first oil.

The weakness was partly offset by higher margins in Petroleum & Product Shipping and improved performance in Marine & Heavy Engineering. MISC proposed total dividends of 36.0 sen per share for the year.

## Why does MISC matter?

MISC is strategically important because it links Malaysia's upstream energy resources to global markets. As one of the largest LNG shipping operators worldwide, it carries a significant share of the cargoes that underpin Petronas's export revenue.

For investors, MISC offers exposure to global shipping and offshore-energy cycles with the backing of a state-owned parent — a combination of relative stability and cyclical earnings. For Malaysia, it is a flagship maritime champion and a builder of local engineering capability.

## What's next

MISC's near-term trajectory hinges on its Offshore segment maturing as new floating-production assets move from construction into full operation, and on the LNG and tanker charter markets recovering from vessel oversupply.

Investors and observers should watch quarterly results filed with Bursa Malaysia, the ramp-up of recently delivered offshore units, and fleet-renewal decisions as MISC balances conventional tonnage against lower-emission vessels. Figures in this profile reflect FY2024 reporting and should be checked against the latest MISC announcements for current data.

## Sources

- MISC Group Financial Results for the Fourth Quarter of 2024 — https://www.miscgroup.com/media/media-releases/misc-group-financial-results-for-the-fourth-quarter-of-2024 (MISC Group)
- PETRONAS Optimises its Portfolio of Shareholdings in MISC Berhad and KLCCP Stapled Group — https://www.petronas.com/media/media-releases/petronas-optimises-its-portfolio-shareholdings-misc-berhad-and-klccp-stapled (PETRONAS)
- MISC Berhad's largest shareholders are private companies with 52% ownership, institutions own 26% — https://finance.yahoo.com/news/misc-berhads-klse-misc-largest-005805866.html (Simply Wall St / Yahoo Finance)

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