Malaysia’s LNG shipper MISC, a unit of Petronas has signed shipbuilding contracts with Samsung Heavy Industries Co Ltd (SHI) for two new liquefied natural gas (LNG) carriers, with delivery expected in 2027.
Additionally, MISC has signed a letter of intent (LOI) with Petronas LNG Sdn Bhd (PLSB) to provide long-term LNG shipping services through the time charter of these new carriers.
Meanwhile, MISC and PLSB have agreed to terminate the time charters of three existing steam LNG carriers—Seri Ayu, Seri Angkasa, and Seri Begawan—and have finalized new time charters for two LNG carriers, Seri Alam and Seri Amanah, after their current charters expire.
“The new LNG carriers support the strategic intent of rejuvenating MISC’s LNG fleet with modern and efficient vessels towards achieving reduction of greenhouse gas emissions and intensity by 2030,” MISC said.
MISC currently operates 26 LNG carriers, not including 14 newbuilds from both individual and joint venture orders. According to the company, these new vessels are part of its strategy to ‘modernize its LNG fleet’ with more efficient and environmentally-friendly ships, aligning with its goal to reduce greenhouse gas emissions and intensity by 2030.
