Malaysian tanker operator MISC reported a 21% jump in first quarter revenues vs. a year earlier. That was led by a 283% surge in offshore energy revenues, while petroleum tanker sales increased just 2%. That slow development may be due to its U.S. operation AET losing market share, Panjiva data shows. It nonetheless did better than Euronav and Bahri on a year-over-year basis. The outlook is darker. Management sees petroleum tanker rates “averaging lower” due to oversupply in 2017 vs. 2016. Panjiva analysis shows tanker industry revenues likely fell 4% in the first quarter on a year earli...