MISC inks time charter parties with Exxon Mobil unit

KUALA LUMPUR: MISC Bhd's vessel-owning entities Polaris 3 and Polaris 4 have signed two time charter parties with Exxon Mobil Corp's wholly-owned subsidiary SeaRiver Maritime LLC for the charter of two newbuild liquefied natural gas carriers for operations in international waters.

It said in a filing with Bursa Malaysia, the vessels will be chartered by SeaRiver for a firm period of 10 years for operations commencing in 2026.

The time charter parties do not have any effect on the issued and paid up share capital and substantial shareholding in MISC.

They are also not expected to have any material impact to the earnings per share, gearing and net assets per share of the MISC Group for the financial year ending Dec 31, 2022, it said.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

MISC , Exxon Mobil , LNG


Next In Business News

US and UK should be welcoming talent, not driving it away
Short Position: Ringgit rebound, PETRONAS earnings
KWAP seeks stronger income growth
What’s in fashion
Brexiteers, no one wants your regulatory bonfire
EcoWorld redefines concept behind industrial parks
S’pore chips away at HK’s hedge fund dominance
Ringgit seen strengthening further
Hibiscus gets debt boost
Navigating a ‘perfect positive storm’

Others Also Read