Tanker operator MISC reported a 4% drop in second quarter revenues compared to a year earlier. The rebound of 21% in the first quarter was due to one-off bookings in offshore oil. Petroleum tanker operations saw a 12% revenue drop, similar to Teekay’s 13% decline in an oversupplied market. LNG (liquefied natural gas) sales climbed 16%, similar to Nakilat’s 17% growth and the result of increased capacity. Further growth may be limited by market saturation though. The tanker / bulker sector likely underperformed the rest of the shipping sector in the second quarter, with a revenue contract...