MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon
Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time
charter contracts of two Liquefied Natural Gas (LNG) carriers. Each of the LNG carriers will
respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year
Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung
Heavy Industries Co., Ltd. (SHI) for the construction of the LNG carriers in Korea. The vessels
will have a capacity of 174,000 cubic metres (cbm) and will feature state-of-the-art technologies
including modern 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.
MISC’s President / Group Chief Executive Officer, Mr. 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. We honour the trust and value the opportunity given for us to support ExxonMobil in
ensuring safe, efficient and reliable transportation of LNG. Ultimately this partnership is a
testament to our capabilities of fulfilling the world’s growing demands for this energy source.”
“Our cooperation 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.”
During the signing of the agreements in Houston, MISC was represented by its Vice President of
LNG Business, Mr. Zahid Osman while SeaRiver was represented by its Vice President Global
Marine Commercial & Planning, Mr. Doug Grote.
MISC is currently one of the largest single owner-operators of LNG tankers in the world with more
than three decades of distinguished reputation for overall operational excellence, reliability, safety
and on-time cargo deliveries. At present, its LNG fleet consists of 29 LNG carriers and two FSUs
with a combined deadweight tonnage (dwt) capacity of over 2 million dwt.