Ipoh, Perak Darul Ridzuan, Malaysia

At the heart of Kinta Valley. The capital city of the state of Perak. An opposition stronghold. Factory of brilliant people. Desolated through emigration of its inhabitants to other parts of the country and overseas. Yet... it is forever remembered by its people.

Sunday, January 08, 2006

MISC is poised to swoop again.

National carrier is in the scuttlebutt which in talk of acquistion possible stake in Canadian's Teekay, one of world's prominent carrier listed in NYSE, of liquefied natural gas (LNG), floating, production storage and offloading (FPSO) and energy.

Acquisition is favourably welcomed. Taking out one of MISC's competitor is top of the list, and as so this will sprout more business. The acquisition substantially increase fleet of LNG vessels, which in turns cut cost of shipbuilding. This is timely as it's predicted most shipyards are full for next couple years, and moreover the cost of steel will increase tremendously.

Teekay's respected name in good management and vessel maintenance has turned it into big name in energy transportation. So, if the acquisition is successful, this will greatly strengthen MSC's forte in energy transportation.


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