MISC to ride on vast experience in new LNG deals

Assuming a total capital expenditure of US$460mil (RM1.9bil) for the new contracts, CIMB Research estimates an internal rate of return of 10.3%.

PETALING JAYA: MISC Bhd’s latest contracts for two newbuild liquefied natural gas (LNG) carriers are projected to have a daily charter rate of between US$110,000 and US$120,000 per day.

This is in consideration of the vessels’ capacity of 174,000 cubic m, similar to the other latest newbuilds, as well as its long-term nature, said CIMB Research.