MISC: AET, Petrobras Tanker Deal Valued at USD 645 Mn

Malaysian MISC Berhad (MISC) informed that the recently signed deal between AET Tanker Holdings and Brazilian petroleum corporation Petrobras has a value of USD 645 million.

Under the long-term charter contract agreed between the parties, AET will own and operate four specialist DP2 Suezmax shuttle tankers from Petrobras.

The units, to be hired under a firm charter period of 10 years, will be used for operations in international and Brazilian waters, MISC added.

The four 152,000 dwt DP2 shuttle tankers will be built by South Korean shipbuilder Samsung Heavy Industries.

The company is paying KRW 392.3 billion (USD 365.6 million) for the units, which are scheduled for delivery in 2020, the shipbuilder said in a stock exchange filing.

Compliant to IMO NOx Tier 3 requirement, the new vessels will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras.