MISC faces risk of more than RM2 bil impairment
A recent decision on an arbitration between MISC Bhd and Shell that started in 2016 will likely impact the shipping giant with a one-off impairment of over US$550 million in the first quarter ended March 31, 2020 (1QFY2020). The Asian International Arbitration Centre ruled that MISC is liable for defects in the Gumusut-Kakap semi-floating production …