MISC scores charter deals with ExxonMobil for LNG carrier pair

MISC Berhad (MISC) has secured agreements with ExxonMobil’s unit, SeaRiver Maritime for the time charter contracts of two LNG carriers.

Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract, MISC said in its statement.

Prior to this, MISC, through its units, has also signed an agreement with the South Korean shipbuilder Samsung Heavy Industries (SHI) for the construction of the LNG carriers.

The vessels will have a capacity of 174,000 cubic meters (cbm) and will feature XDF propulsion, Mark III Flex Plus containment system and full re-liquefaction facility for higher efficiencies and to meet the demand for worldwide trading and long-haul voyages.

The LNG carriers are expected to be delivered in the first quarter of 2023, the statement reads.

Commenting on the deal, Alex Volkov, vice president of Global LNG Marketing at ExxonMobil, said, “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.”