Deal sealed: (from left) Combo pictures show Yee, MISC LNG business vice-president Zahid Osman, Yang and Zhejiang Satellite Petrochemical vice-president Lu Wei Wei at the signing ceremonies, which were held separately.
PETALING JAYA: MISC Bhd
marks its foray into the global ethane market with its purchase of six very-large ethane carriers (VLECs) for US$726mil (RM3.09bil), which will be chartered to Zhejiang Satellite Petrochemical Co Ltd (STL) for 15 years.
The charters for the vessels are expected to commence in the fourth quarter of this year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
