MISC Bhd has been awarded long-term charter contracts worth some US$525.6 mil to own and operate three newbuilding Suezmax DP2 Shuttle Tankers from Petróleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil for operations in Brazilian and international waters.

In a Bursa filing on Feb 5, MISC said the contracts were secured by its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, through its vessel-owning entity AET Petroleum Tanker (M) Sdn Bhd. The charter is expected to commence in 2022. 

The new vessels will be in addition to the six (four currently under construction) specialist DP2 Suezmax size Shuttle Tankers on time charter to Petrobras for operation in the Brazilian Basin.

AET is the petroleum shipping unit of MISC and specialises in the global ocean transport of petroleum.

Petrobras is an international energy company and present in the oil exploration and production, refining, natural gas, electric energy, logistics, trade, distribution, petrochemicals, fertilisers, and biofuel segments.

 MISC said the contract does not have any effect on the issued and paid-up share capital and substantial shareholding in MISC and is  also not expected to have any material impact on its earnings per share, gearing and net assets per share for the financial year ending Dec 31, 2020. – Feb 5, 2020



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