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New Straits Times
13-07-2025
- Business
- New Straits Times
MISC Poised to ride FPSO boom, analyst maintains 'Buy' call
KUALA LUMPUR: MISC Bhd's offshore segment is expected to benefit from a robust floating production, storage and offloading (FPSO) market outlook, supported by sustained global oil demand and concerns over underinvestment. CIMB Securities Sdn Bhd said FPSO awards are projected to more than double by 2026, as highlighted by Rystad Energy, driven by strong project sanctioning momentum in South America, Africa and Southeast Asia. "MISC, with its established FPSO portfolio and track record, is well placed to capture this growth, ensuring stable cash flows and strengthening earnings visibility within its 'Resilient Core' focus area as part of its three-pillar strategy," it said in a note. CIMB Securities has maintained its "Buy" call on MISC, with an unchanged target price of RM9.19. The firm also noted that MISC offers a decent forecast dividend yield of 4.8 per cent per annum for the financial years 2025 to 2027. According to CIMB Securities, key re-rating catalysts for MISC include the full-year earnings contribution from FPSO Marechal Duque de Caxias starting from the financial year 2025 (FY25) onwards, alongside high utilisation rates and stable petroleum tanker time charter rates. It added that potential synergies from a prospective merger with Bumi Armada Bhd could further strengthen MISC's position to secure large-scale FPSO contracts, supported by the favourable FPSO market outlook. Meanwhile, CIMB Securities also highlighted that MISC had shared during its 2025 Strategic Outlook and Engagement Day that its decarbonisation strategy is progressing well, driven by clear targets, structured execution and tangible achievements across its operations and fleet renewal programmes. The company's commitment to net-zero emissions by 2050, with interim milestones by 2030, is already showing results, with a 32 per cent reduction in total greenhouse gas (GHG) emissions, exceeding industry benchmarks. The upcoming delivery of the world's first ammonia dual-fuel Aframax tankers marks a major step towards zero-carbon shipping, while plans to transition LNG carriers to high-efficiency dual-fuel systems by 2027 will further strengthen the company's decarbonisation pathway. "MISC's early success in securing the world's first modular offshore substation project in the Netherlands highlights its credibility and ability to enter high-value decarbonisation segments. "By leveraging its maritime expertise, engineering capabilities and strong financial foundation, MISC is well-positioned to execute its decarbonisation roadmap while capitalising on rising global demand for ammonia, methanol and carbon capture and storage (CCS) transport. "This strategic pivot not only enhances the company's long-term earnings diversification and resilience but also supports its target of achieving 25 per cent revenue contribution from new energy solutions," it said.
Yahoo
13-07-2025
- Business
- Yahoo
Navios Maritime Partners (NMM) Announces $35.5 Million Sale of a 2009-Built Containership
Navios Maritime Partners L.P. (NYSE:NMM) is one of the best cheap stocks with huge upside potential. Navios Maritime Partners L.P. (NYSE:NMM) undertook the delivery of Nave Dorado, a newly built Aframax/LR2 tanker vessel, in April, boosting its operational capacity. A large container ship floating in a harbor, its cargo illuminated by the setting sun. In addition, the company announced in May an agreement to sell a 2009-built containership for $35.5 million. The transaction for this deal is expected to be completed in the second half of 2025. These strategic moves mark the company's ongoing efforts for fleet optimization and financial performance improvement, potentially affecting stakeholder interests and its market positioning. Navios Maritime Partners L.P. (NYSE:NMM) reported $304.1 million in revenue in fiscal Q1 2025, while net income for the quarter reached $41.7 million. Navios Maritime Partners L.P. (NYSE:NMM) is a shipping and logistics company that owns and manages dry cargo and container vessels. The company's focus is on the transport and transhipment of dry bulk commodities, which include coal, iron ore, and grain. While we acknowledge the potential of NMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
New Straits Times
10-07-2025
- Business
- New Straits Times
Long-term charters shield MISC from trade headwinds
KUALA LUMPUR: MISC Bhd expects trade headwinds to have only a minimal effect on its operations, as the majority of its liquefied natural gas (LNG) and petroleum fleets are secured under long-term charter contracts. According to RHB Investment Bank Bhd (RHB IB), the group's exposure to China-built vessels operating in the US Gulf is limited, and it has the flexibility to redeploy its fleet if necessary. "In managing geopolitical risks, the group has rerouted vessels via the Cape of Good Hope, supported by real-time monitoring and close coordination with authorities. "While oil majors pivot back to traditional oil and gas, highlighting energy transition risks, the maritime sector continues to move forward under clear regulatory direction and mounting pressure to decarbonise," it said. In line with this, MISC has set up a dedicated task force to lead its decarbonisation efforts. RHB IB said MISC is actively strengthening its resilience and maintaining steady long-term cash flows across its key business segments. In the LNG shipping division, the group is upgrading its fleet with 19 new LNG carriers expected to be delivered by 2027. For the petroleum segment, MISC is modernising its fleet with dual-fuel tankers, having already secured charters for three ammonia-powered Aframax vessels set for delivery between 2027 and 2028, along with two LNG dual-fuel Aframaxes. In the offshore segment, the company is preparing to bid for new projects to capitalise on the current floating production storage and offloading (FPSO) supercycle, following the successful deployment of the Mero 3 unit. RHB IB also noted that MISC is exploring floating CO₂ injection solutions by leveraging the combined capabilities of its Offshore and New Energy (NED) divisions. As for its heavy engineering segment, the focus is on improving the quality of its order book and positioning its yard as a preferred partner for LNG carrier drydocking, repairs, and conversion works. Following a recent stakeholder engagement session, RHB IB said it remains upbeat about MISC's medium-term prospects, supported by its long-term charters and ongoing fleet upgrades despite the challenging environment. "Growth prospects are further supported by its positioning in the FPSO supercycle and growing momentum in green energy," it added.
Yahoo
20-06-2025
- Business
- Yahoo
World's first Aframax tanker with wind-assisted propulsion delivered
Classification society Lloyd's Register (LR) has announced the successful delivery of Brands Hatch, which is claimed to be the world's first newbuild Aframax tanker equipped with wind-assisted propulsion. Built by Shanghai Waigaoqiao Shipbuilding for Union Maritime, the 114,000DWT Brands Hatch vessel features three 37.5m tall WindWings by BAR Technologies. These sails are designed to adjust intelligently for optimal aerodynamic efficiency, offering additional thrust that can reduce fuel consumption and carbon emissions. BAR Technologies CEO John Cooper said: 'The WindWings equipped vessel forms part of UML's broader energy transition strategy, and the success of this project paves the way for additional vessels of similar size and configuration under LR Class. 'This includes another with the same owner, ship type and technology that is already underway at Yangzijiang Shipyard, with WindWings again manufactured by China Merchants Energy Tech in Shanghai.' The WindWings system has demonstrated potential daily fuel savings of up to 14.5t and CO₂ emission reductions of up to 45t under ideal conditions. Annually, the tanker is expected to save approximately 12% on fuel, which translates to nearly 5,000t of CO₂ savings. LR provided comprehensive technical services from the design stage to the vessel's delivery. This included Approval in Principle, HAZID/HAZOP processes, and design appraisal. Furthermore, LR ensured the WindWings installation complied with strict safety standards and coordinated with flag authorities. The classification society's involvement continued through to the supervision of installation and sea trials, affirming the system's effectiveness and the vessel's seaworthiness. LR lead specialist Tony Han said: "As the first vessel in China to be equipped with the wind-wing system, LR has provided a comprehensive range of technical services to our clients. 'From drawing approvals to commissioning tests, LR has demonstrated its strong technical expertise in supporting the client. Building on the success of this project, we are looking to expand our collaboration with clients regarding the application of this new technology in the ship industry.' BAR Technologies received the Bureau Veritas Type Approval Design Certificate for its WindWings system in May. This certification endorses the WindWings for fleet integration and affirms its structural integrity, performance reliability, and commercial readiness after a thorough review process. "World's first Aframax tanker with wind-assisted propulsion delivered" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
13-06-2025
- Business
- Associated Press
Heidmar Maritime Holdings Corp. Partners With B2i Digital as a Featured Company to Expand Investor Awareness
B2i Digital to Highlight Heidmar's 40+ Years of Maritime Excellence and Global Tanker Pool Management Platform NEW YORK, NY - June 13, 2025 ( NEWMEDIAWIRE ) - B2i Digital is pleased to announce that Heidmar Maritime Holdings Corp. (NASDAQ: HMR), a global leader in tanker pool and commercial management services, has been named a B2i Digital Featured Company. Through this partnership, B2i Digital will help expand Heidmar's investor engagement, highlighting its four-decade track record in maritime excellence, innovative digital platform, and strategic positioning in the global shipping industry. 'Heidmar represents a compelling opportunity for investors seeking exposure to the maritime transportation sector,' said David Shapiro, CEO of B2i Digital. 'With over 40 years of proven experience, a fleet of 51 vessels under management, and their innovative eFleetWatch platform, Heidmar demonstrates the kind of operational excellence and technological innovation that creates lasting value. We look forward to showcasing this established maritime leader to a broader investor audience.' 'Our partnership with B2i Digital reflects our commitment to building stronger relationships with the investment community as we continue to expand our platform,' said Pankaj Khanna, CEO of Heidmar Maritime Holdings Corp. 'Having recently completed our public listing and celebrated our 40th anniversary, we are focused on leveraging our decades of experience and industry relationships to deliver value for shareholders while serving our clients with the highest standards of safety and transparency.' Heidmar operates one of the maritime industry's most comprehensive commercial management platforms, with a managed fleet spanning VLCCs, Suezmax, Aframax/LR2, and MR class vessels. The company serves the global crude oil and refined petroleum product markets through strategically located offices in Athens, London, Singapore, Chennai, Hong Kong, and Dubai, with planned expansion into Houston. Heidmar's proprietary eFleetWatch digital platform provides real-time vessel tracking and management capabilities, offering both internal teams and external stakeholders transparent access to operational data. Under CEO Pankaj Khanna's leadership since 2019, Heidmar has experienced substantial growth, expanding from seven vessels to 51 vessels under management and 4 tankers under technical management. The company recently completed a successful business combination with MGO Global, leading to its February 2025 listing on the Nasdaq Capital Market under the ticker 'HMR.' About B2i Digital, Inc. B2i Digital, Inc. partners with leading investor conferences, public companies, and capital markets advisors through its signature programs: Featured Conference, Featured Company, and Featured Expert. Utilizing advanced digital marketing strategies, a network of 1.3 million investors, and highly targeted introductions, B2i Digital helps connect key stakeholders across the financial markets. The company was founded in 2021 by David Shapiro, who previously served as both an Investment Banker at Maxim Group and its Chief Marketing Officer. B2i Digital Contact Information: David Shapiro Chief Executive Officer B2i Digital, Inc. 212.579.4844 Office [email protected] About Heidmar Maritime Holdings Corp. Celebrating over 40 years of maritime excellence, Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a global provider of marine transportation services with five core business lines: management services for pools of vessels that share operational costs and revenues; commercial management of individual vessels; sale and purchase advisory for vessel transactions; technical management of tankers; and vessel chartering through charter-in and charter-out arrangements. As of this date, Heidmar commercially manages 39 vessels and technically manages 4 tanker vessels. Headquartered in Athens, Greece, with operations spanning London, Singapore, Chennai, Hong Kong, and Dubai, Heidmar provides comprehensive commercial management solutions for crude oil and refined petroleum product tankers. The company manages a diverse fleet of 60+ vessels, including VLCCs, Suezmax, Aframax/LR2, and MR tankers, serving leading oil companies, traders, and shipowners worldwide. Heidmar's commitment to safety, performance, relationships, and transparency is supported by its proprietary eFleetWatch digital platform, which delivers real-time vessel tracking and operational data to stakeholders. For more information, please visit . Heidmar Maritime Holdings Corp. Investor Contact Information: Nicolas Bornozis Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169 212.661.7566 [email protected] View the original release on
