MISC disposes LPG carrier

MISC Berhad has sold a 20-year-old liquefied petroleum gas (LPG) carrier at a price of $2.95m to PT Pelayaran Usahagas Elpindo. MISC confirmed the sale of its 1991-built, 2,200 cubic metres carrier Pernas Butane on Thursday. “The sale is in line with MISC's asset management strategy to phase out old tonnages and maintain a modern fleet,” the Malaysia-based company said in a statement.