MISC gets long-term charter jobs thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 11): MISC Bhd has secured seven-year charter contracts from Shell for three newbuilding crude carriers, for operations in international waters. In a filing today, MISC said the contracts were secured by AET Inc Ltd, the vessel-owning entity of petroleum shipping firm AET Tanker Holdings Sdn Bhd, which is in turn wholly-owned by MISC.
KUALA LUMPUR: AmInvestment Bank Research has maintained its buy call in MISC Bhd following its announcement that it has secured long-term charter contracts to own and operate three newbuild LNG dual-fuel very large crude carriers from Shell Tankers (Singapore) Pvt Ltd.
The research house has an unchanged sum-of-parts-basd fair value of RM8.50 a share, which implies an FY21 foreacst EV/Ebitda of 9x, at parity to its two-year average.
MISC did not reveal the capex or charter rates of the vessel although AmInvestment assumes a total capex of US$282mil for the three vessels, which could be part of the group s growth capex of US$1bil annually.
KUALA LUMPUR: MISC Bhd said wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, has secured three long-term charter contracts from Shell Tankers (Singapore) Pte Ltd.
Jan 14 2021 There are developments with LNG fuelled chemical / crude tankers happening around a number of ‘focal points’ – Shell, Swedish owners, Sovcomflot and shuttle tankers. There are a number of developments happening around the world to use LNG fuel for crude / chemical / products tankers – which seems to be happening around ‘focal points’ of Shell, Swedish owners, Sovcomflot and shuttle tankers. This article reviews the developments. There is nothing new about using LNG fuel for LNG carriers – as a way to use their own boil off gas. Using LNG to power tankers for normal liquid cargoes – crude and chemicals – is still very now.