MISC inks 16-year FSO charter contract with Hess

MISC inks 16-year FSO charter contract with Hess

Malaysia’s MISC has signed a long-term charter contract with Hess Exploration and Production Malaysia for  FSO Mekar Bergading on a bareboat basis.

The contract is part of a sale and charter agreement between MISC and Hess, in which MISC acquired ownership of the FSO from HESS.

Under the contract, Hess will charter the FSO for a period of 16 years, commencing from September 1 at the latest. The total contract value is estimated at $441m.

FSO Mekar Bergading was built in 2009 as an oil tanker and was converted to an FSO in 2016.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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