Kuala Lumpur-based MHB, which is a unit of MISC, said in its full-year 2025 results report on Monday that it ranked second globally among shipyards with the highest number of LNG carrier repairs completed during the year.
These 26 LNG carrier repairs in 2025 compare to 18 repairs in 2024.
According to MHB, 20 of these vessels were completed ahead of schedule.
The company’s results presentation shows that some of the notable LNG carrier repairs in 2025 include MISC‘s Puteri Delima Satu, GasLog Georgetown, Dynagas’ Clean Vision, and Alpha Gas’ Energy Endeavour.
MHB said in the presentation that it has secured four new LNG frame agreements or en bloc contracts.
These are with Greece’s GasLog and Alpha Gas, Norway’s Knutsen, and Japan’s Mitsui.
MHB said its marine segment recorded revenue of 560.5 million Malaysian ringgit ($144.2 million), 138.5 million ringgit higher than reported in the corresponding year.
This improvement was largely supported by the higher vessel conversion and LNG repair activities, MHB said.
The operating profit of the segment rose to 63.1 million ringgit, an increase of 22.1 million ringgit in the previous year, in line with the higher revenue, it said.
