Malaysia’s PETRONET’s shipping arm, MISC has secured a 10-year contract from Malaysia LNG (MLNG) to provide long-term LNG shipping services.
In a filing with Bursa Malaysia, MISC said it had received a letter of award from MLNG for the vessel's long-term timecharter, with the operation expected to start in 2028.
As a result, MISC has signed a contract with China's Hudong-Zhonghua Shipbuilding to build a small-scale 18,000 cu m LNGC.
"The project is strategically important as it supports PETRONAS' continued LNG supply to Sendai City, Japan, reinforcing a long-standing partnership of nearly 30 years and ensuring the reliable delivery of LNG to meet the customer's long-term energy needs,” MISC said in the filing.
