ExxonMobil charters two LNGC newbuildings

Thursday, 17 October 2019
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Wholly-owned subsidiaries of MISC Berhad (MISC), have secured agreements with ExxonMobil Corp’s subsidiary, SeaRiver Maritime to timecharter two LNGCs. 

Each of the LNGCs will serve ExxonMobil’s worldwide LNG portfolio under a 15-year charter contract.

Prior to this, the same MISC subsidiaries, signed a contract with Samsung Heavy Industries to build the LNGCs.

The vessels will each have a capacity of 174,000 cu m and will feature X-DF propulsion, Mark III Flex Plus containment systems and full re-liquefaction facilities for higher efficiencies and to meet the demand for worldwide trading and long-haul voyages.

They are due for delivery in the first quarter of 2023.

MISC’s President/Group CEO, Yee Yang Chien, said “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.

“With our broad spectrum of energy related maritime solutions and services, MISC is confident of our ability to serve the various needs of the global oil and gas industry. Ultimately this partnership is a testament to our capabilities of fulfilling the world’s growing demands for this energy source.”

“Our co-operation with MISC is an integral part of ExxonMobil’s commitment to provide flexible solutions in the open and dynamic LNG marketplace,” said Alex Volkov, Vice President of Global LNG Marketing at ExxonMobil. “The addition of these two vessels will help us build a competitive LNG value chain as ExxonMobil continues to grow its global gas portfolio and expand supply positions to meet evolving needs of our customers.”

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