MISC INDIRECT UNITS SECURE 15-YEAR TIME CHARTER PARTIES FROM QATARENERGY
KUALA LUMPUR, April 1 (Bernama) -- MISC Bhd’s indirect units have secured contracts for long-term time charter of three new-build liquefied natural gas (LNG) carriers.
MISC said its indirect wholly-owned subsidiaries, namely Polaris LNG Five Pte Ltd, Polaris LNG Six Pte Ltd and Polaris LNG Seven Pte Ltd, have signed the time charter parties with QatarEnergy, a state-owned energy company in Qatar.
“These vessels will be built by Samsung Heavy Industries Co Ltd,” the group said in a filing with Bursa Malaysia today.
Without disclosing the contract value, MISC said that QatarEnergy will charter the vessels for a firm period of 15 years from 2026 onwards.
“The contracts do not have any effect on the issued and paid-up share capital and substantial shareholding in MISC and are also not expected to have any material impact on the earnings per share, gearing and net assets per share of the group for the financial year ending Dec 31, 2024,” it added.
-- BERNAMA
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