MISC secures five LNG charters: what it means for MISC stock

Published on 10/14/2026 at 05:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MISC secured five 20-year LNG charters starting in 2030. MISC stock saw Q2 revenue reach MYR 4.79 billion, up 76.00 percent.

Contracted fleet and earnings dates

A 20-year charter program begins service in 2030.
Second-quarter 2026 revenue reached MYR 4.79 billion, up 76.00 percent year over year.
MISC is scheduled to report its next earnings on November 27, 2026.

MISC, MYL3816OO005, Illustration mit AI erstellt.

MISC (ISIN MYL3816OO005) secured five 20-year LNG charters starting in 2030, giving its gas shipping business another long-duration contract base. The Star reported on October 12, 2026, that MISC had accepted a letter of award from PETRONAS LNG Ltd for the five vessels, with charter operations expected to begin in 2030.

What the order means for earnings

The five vessels add contracted LNG capacity rather than exposing MISC to spot-market pricing. The Star reported that Kenanga Research estimated a MYR 162.00 million contribution to MISC's fiscal 2026 forecast earnings base, equal to 6.00 percent, while MBSB Research estimated additional annual revenue of at least MYR 600.00 million.

The same report puts total capital expenditure at MYR 5.00 billion to MYR 6.00 billion from 2027 to 2030. That timing matters: the project supports longer-term visibility, but construction spending and financing costs arrive before the vessels begin earning charter revenue.

Q2 revenue rises 76.00 percent

MISC's second-quarter 2026 revenue reached MYR 4.79 billion, up 76.00 percent from the second quarter of 2025, while net income rose to MYR 1.15 billion, up 149.00 percent year over year, according to Simply Wall St.

The earnings comparison gives the charter award a stronger operating backdrop, although the new ships will not contribute to operations until 2030. MISC's business spans LNG assets, petroleum and product shipping, offshore operations, and marine and heavy engineering, making contracted gas cash flows one part of a wider maritime portfolio.

Three milestones define the fleet plan

On January 30, 2026, MISC signed an agreement for an initial batch of three plus three LNG carriers. In May 2026, the earlier group was covered by 20-year PETRONAS LNG charters. On October 7, 2026, MISC accepted the latest award for five additional carriers, according to PortNews.

The next reporting date is November 27

MISC is scheduled to release its next earnings report on November 27, 2026, according to Investing.com. That report will give investors the next measured update on tanker rates, LNG operations and balance-sheet effects from the fleet expansion.