Kuala Lumpur: In a switch between subsidiaries Petronas has sold five LNG carriers being built at Hyundai Heavy Industries to its shipping line, MISC, for $1.1bn. the ships are due for delivery from September 2016 to December 2017. Petronas will then take the ships on a 15-year charters with options to extend by five years.
On a separate transaction, MISC announced Petronas has agreed to extend the charter of five refurbished Puteri Class LNG Carriers on a time charter basis for another 10 years for each refurbished LNG carrier.
