MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd
(PLL), together with its consortium partners, Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen
Kaisha, Ltd. (K-Line) and China LNG Shipping (Holdings) Limited (CLNG), today announced that
they have been awarded long-term time charter contracts by QatarEnergy for five additional newbuild
Liquefied Natural Gas (LNG) carriers to be built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.
Together with the seven long-term time-charter contracts that were secured earlier in August, this
brings to a total of 12 newbuilding LNG carriers awarded by QatarEnergy to the consortium. These
LNG carriers will be equipped with eco-efficient technologies such as X-DF 2.1 engines with
Intelligent Control by Exhaust Recycling (iCER) System, which will reduce greenhouse gas (GHG)
emissions. These 174,000 cubic metres (cbm) LNG carriers are expected to be delivered
commencing 2025 and will serve the needs of QatarEnergy in the transportation of LNG to various
countries around the world.
MISC’s President & Group Chief Executive Officer, Captain Rajalingam Subramaniam said, "We
would like to thank QatarEnergy for their continuing trust and confidence in our joint capabilities and
expertise in delivering safe, efficient and reliable LNG shipping solutions. We would also like to thank
our consortium partners for the support and collaboration in making this award possible. We look
forward to add value to the partnership as we continue to play a progressive role in the global LNG
shipping industry.”
Captain Rajalingam added “In this evolving energy industry, collaborative partnerships are vital to
ensuring success in fulfilling the growing demand for energy and achieving sustainable value creation
for all our stakeholders. As we navigate the evolving energy industry ahead, we will continue
strengthening partnerships to continue to build a progressive, sustainable, and successful future.”
MISC is one of the world's largest single owner-operators of LNG tankers with a distinguished
reputation for overall operational excellence, reliability, safety and on-time cargo deliveries. Its Gas
Assets & Solutions (GAS) fleet currently comprises 30 LNG carriers, six Very Large Ethane Carriers
(VLEC) and two LNG Floating Storage Units (FSUs) with a combined deadweight tonnage (dwt)
capacity of over two million tonnes.
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