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.

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

Next In Business News

Trading ideas: Hap Seng, Pavilion REIT, VS Industry, Eco World International, Uzma, Trive, KYM and SCIB
Race Capital forging ahead despite SVB chaos
Asia banks may face difficulty bolstering capital via AT1s
Hanoi set to implement global tax structures
Appliance brands grow by manufacturing abroad
Nick Leeson re-emerges as a fraud investigator
How realistic is a hydrogen-powered economy?
MPOC to support efforts of smallholders
Global uncertainties continue to weigh on sentiment

Others Also Read