MISC secures 20-year charters for five new LNG carriers
KUALA LUMPUR: MISC Bhd has secured long-term time charters for five newbuild liquefied natural gas (LNG) carriers from Petronas LNG Ltd (PLL), with each vessel contracted for 20 years.
MISC Bhd has secured 20-year time charters for five newbuild liquefied natural gas (LNG) carriers from Petronas LNG Ltd (PLL). The contract, awarded on October 7, will commence in 2030 and will be executed through MISC's wholly owned subsidiaries. The project will involve shipbuilding contracts with Hudong-Zhonghua Shipbuilding (Group) Co Ltd for the construction of the five new LNG carriers.
This agreement is expected to capitalize on Petronas' anticipated growth in LNG production while supporting the renewal of MISC's fleet, improving fleet efficiency, and reducing greenhouse gas emissions.
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