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MISC secures FSO charter from Idemitsu Kosan

Malaysian shipping company MISC has secured a time charter contract from Japanese oil and gas company Idemitsu Kosan for the provision of a floating, storage and offloading (FSO) vessel in Vietnam.

Under the $176m contract, MISC’s 51% owned joint venture Malaysia Vietnam Offshore Terminal will be responsible for the engineering, procurement, construction, installation, commissioning, lease and operations of the FSO.

Upon conversion of the vessel, the FSO will be deployed for the Sao Vang and Dai Nguyet Development Project offshore Vietnam.

Idemitsu Kosan will charter the FSO for seven years starting from mid-2020.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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