Tanker operator MISC reported 4Q revenues that fell 3% vs. a year earlier and were 4% worse than expected. That continued a pattern for the quarter established by Stolt-Nielsen and Euronav, and suggests that consensus forecasts of a 2% rise in revenues for the sector may prove optimistic. The company blamed weaker engineering sales as well as reduced vessel days operated, with competition for tanker volumes apparently remaining fierce. Full profit details are not yet available, so while EBITDA margins appear unchanged vs. last year a $140 million write-down of vessel and offshore asse...