CEO Morning Brief

MISC Signs Charter Contracts for Three LNG Carriers With QatarEnergy

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Publish date: Tue, 02 Apr 2024, 04:15 PM
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TheEdge CEO Morning Brief

KUALA LUMPUR (April 1): MISC Bhd, which owns one of the world's largest fleets of petroleum shipping vessels, said on Monday it had secured long-term contracts for three liquefied natural gas (LNG) carriers from QatarEnergy.

The contract is for time charter of three newbuild LNG carriers to be built by Samsung Heavy Industries Co Ltd, MISC said in an exchange filing on Monday. The carriers will be chartered by QatarEnergy for a firm 15 years from 2026 onwards, the company said.

The company did not provide financial details.

The contract is not expected to have any material impact on the earnings per share, gearing and net assets per share of MISC for the financial year ending Dec 31 2024, it noted.

QatarEnergy, the state-owned energy company of Qatar, is involved in exploration, production, refining, transport, and storage of oil and gas.

Source: TheEdge - 2 Apr 2024

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