MISC unit bags over RM1b charter contract from Brazil Shipping


  • Corporate News
  • Friday, 06 Dec 2019

AET is the petroleum shipping unit of MISC and specialises in the global ocean transport of petroleum.

KUALA LUMPUR: MISC BHD's unit AET Tanker Holdings Sdn Bhd has secured three long-term time charter contracts from Brazil Shipping I Ltd valued at US$245mil (RM1.02bil).

It said on Friday the contracts were awarded by Brazil Shipping, a Shell Group entity, and the charter is expected to start in 2022.

AET will own and operate these newbuilding Suezmax class dynamic positioning shuttle tankers to operate in international and Brazilian waters.

AET is the petroleum shipping unit of MISC and specialises in the global ocean transport of petroleum.

At midday, MISC was unchanged at RM8.15. There were 363,200 shares done at prices ranging from RM8.02 to RM8.30.


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MISC , AET Tanker , Brazil Shipping , Suezmax class

   

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