Maybank Investment Bank lifted its target on Malaysia International Shipping Corporation after the firm secured a 20‑year agreement with Petronas Gas to supply, operate and maintain a floating storage and regasification unit. Analyst Jeremie Yap estimates the asset will add roughly 40 million ringgit of pre‑tax profit each year from 2029. The shipowner’s charter cash flow and its stock rose 1.4% to 8.50 ringgit.

Petronas Gas lifted its earnings outlook after winning a third regasification terminal in Lumut, which will employ an FSRU built by MISC. Commissioning targets 2Q 2029, with 170,000 cubic metres of LNG storage and 500 million standard cubic feet per day of regasification capacity. The 3 billion ringgit project could contribute about 100 million ringgit annually, offsetting pressure from declining core gas assets.

Viva Energy warned that restarting its Residue Catalytic Cracking Unit at the Geelong refinery will take roughly a month longer than previously expected. The unit and linked plants are now slated to return in June, pushing overall output above 90% of capacity. Jefferies notes the delay mainly trims gasoline volumes, while strong middle‑distillate spreads should continue to drive earnings.

Together, the contracts underscore a regional shift toward floating LNG solutions, offering steady cash flows for shipowners and gas utilities alike. Investors see MISC and Petronas Gas as sources of incremental earnings, while Viva Energy’s operational hiccup highlights the margin sensitivity of refinery output. The three companies posted modest share moves amid the updates.