Group revenue at the Malaysian shipowner for the quarter was MYR 2.5bn, some 8.7% higher than the MYR 2.3bn seen a year ago.

MISC attributed the improvement to the improved crude tanker markets and the start of a FPSO charter late last year.

However, a smaller fleet of chemical tankers and lower earning days from its LNG business moderated the increase in revenue.

“Barring