MISC bags Exxon LNG charter deal

Malaysia’s MISC has secured agreements with Exxon Mobil’s wholly-owned subsidiary, SeaRiver Maritime, for 15-year time charter contracts for two of its LNG carriers.

The 174,000 cu m ships are currently under construction at Samsung Heavy Industries in South Korea for delivery in early 2023.

MISC’s president Yee Yang Chien commented: “This is certainly a landmark moment for MISC, and we are proud to expand this strategic partnership with ExxonMobil through SeaRiver in providing best-in-class shipping solutions, beginning with petroleum and now LNG.”

Financial details of the charter have not been revealed.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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