MISC Share Price Jumps on Long-Term LNG Carrier Charter Contract

MISC Bhd's share price surged by 1.75% on Monday after securing a long-term charter contract for an LNG carrier from Malaysia LNG Sdn Bhd (MLNG).

The global leader in energy-related maritime solutions and services signed the contract, which involves a newbuild 18,700 cubic meters LNG carrier with a firm charter period of 10 years.

MISC said that the project will commence in 2028, following a shipbuilding contract entered into on July 30, 2026, with Hudong-Zhonghua Shipbuilding (Group) Co Ltd.