MISC secures long-term charter contracts from Petrobras

by TMR

MISC Bhd’s wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd (AET), has secured a long-term charter contract(s) to own and operate four specialist tankers from Petróleo Brasileiro S A – Petrobras of Rio de Janeiro, Brazil (Petrobras).

In an exchange filing Friday, MISC noted the firm charter period is ten years and is expected to commence in 2020.

The new vessels, DP2 Suezmax size Shuttle Tankers will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras.

AET is MISC’s shipping unit which specialises in the global ocean transport of petroleum.

For its first quarter ended March 31, 2018, MISC posted a net profit of RM310.6 million million or earnings per share of 7 sen. Revenue stood at RM2.02 billion.