MISC secures US$642mil contract from Petrobras

Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

KUALA LUMPUR: MISC Bhd has secured a US$642mil (RM2.56bil) long-term charter contract and to operate four specialist tankers from Petróleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil (Petrobas).

In a filing with Bursa Malaysia, MISC said its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, through its vessel-owning entity, had been awarded long-term charter contract to own and operate four specialist DP2 Suezmax size Shuttle Tankers from Petrobas for operations in international and Brazilian waters.

“MISC wishes to announce that the estimated contract value over the firm charter period of 10 years is US$645mil,” it said.
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