MISC wins RM2.16bil Petrobras charter contract


  • Energy
  • Thursday, 06 Feb 2020

Petrobras is headquartered in Rio de Janeiro, Brazil, and is an international energy company and present in the oil exploration and production, refining, natural gas, electric energy, logistics, trade, distribution, petrochemicals, fertilisers, and biofuel segments.

KUALA LUMPUR: Energy shipper MISC BHD has secured a long-term charter contract from Petróleo Brasileiro SA (Petrobras) to own and operate three new Suezmax-size shuttle tankers in Brazilian and international waters.

The contract is valued at US$525.6mil (RM2.16bil) and is expected to commence in 2022.

“These new vessels will be in addition to the six (four currently under construction) specialist DP2 Suezmax-size shuttle tankers on time charter to Petrobras for operation in the Brazilian Basin, ” MISC said in a filing with Bursa Malaysia.

The charter contract was awarded to MISC’s wholly owned unit, AET Tanker Holdings Sdn Bhd.

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

Petrobras is headquartered in Rio de Janeiro, Brazil, and is an international energy company and present in the oil exploration and production, refining, natural gas, electric energy, logistics, trade, distribution, petrochemicals, fertilisers, and biofuel segments.

This is the second major contract win by MISC in Brazil this year.

On Jan 6, MISC announced that AET was awarded long-term contracts worth US$245mil for three new Suezmax class dynamic positioning shuttle tankers by Brazil Shipping I Ltd – a Shell Group entity.

The new Suezmax class vessels is expected to enter operations in 2022.

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