MISC consortium awarded charter party contracts

PETALING JAYA: MISC Bhd via a consortium, has been awarded long-term charter parties by QatarEnergy for five 174,000 metre cube new build liquefied natural gas (LNG) carriers to be built by Hudong-Zhonghua Shipbuilding (Group) Co Ltd.

In a filing with Bursa Malaysia, MISC said the consortium members, which also include Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha Ltd and China LNG Shipping (Holdings) Ltd, will each have a 25% equal equity interest in each awarded LNG carrier.

It said MISC has entered into shareholders’ agreements with the consortium through its wholly-owned subsidiary known as Portovenere and Lerici (Labuan) Private Limited.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

CPO futures likely to trade lower on profit-taking next week
Big wins for billionaire Ambani in Disney tie-up
Hektar-REIT focuses on strengthening portfolio
Timber furniture sales cool as demand softens in US, Europe
CTOS eyes new overseas markets to drive growth
HAS inks deal for five new Airbus helicopters
LBC rates for residential, commercial, industrial, hotel uses raised
MoU to improve Singapore, M’sia business ties
The maverick value investor
Wall Street hunts for more AI gold post-Nvidia rally

Others Also Read