KUCHING (April 25): MIDF Amanah Investment Bank Bhd (MIDF Research) is upbeat on MISC Bhd (MISC) obtaining an 11-year term loan to finance six very large ethane carriers (VLECs) from Standard Chartered.
The financing is in line with MISC’s commitment for cleaner transport solutions and in achievi
MISC takes delivery of Seri Elbert – its sixth very large ethane carrier
MISC Berhad (MISC) has taken delivery of its sixth Very Large Ethane Carrier (VLEC) – Seri Elbert, from Hyundai Heavy Industries (HHI) shipyard in Ulsan, South Korea. Seri Elbert and her sister vessels – Seri Everest, Seri Erlang, Seri Emei, Seri Emory and Seri Emperor are a series of second generation VLECs – all of which were acquired by MISC from Zhejiang Satellite Petrochemical Co. Ltd. (STL) in July 2020.
Mr. Yee Yang Chien, President and Group Chief Executive Officer of MISC said, “We are excited and pleased that Seri Elbert, MISC’s sixth VLEC was delivered safely today. Our sincere appreciation to our charterer, Zhejiang Satellite Petrochemical Co. Ltd. for their trust and confidence in us. This notable accomplishment is a culmination of hard work and dedication of various teams at sea and shore, from the inception point of this project up till the delivery of Seri Elbert.”
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