Source : Ship-technology.com<\/p>\n
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MISC Berhad (MISC) has signed an agreement with Japanese firms Mitsubishi and Nippon Yusen Kabushiki Kaisha (NYK) to co-own two newbuild liquefied natural gas (LNG) vessels for the LNG Canada project.<\/p>\n
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Currently being built by Hyundai Samho Heavy Industries, the two LNG carriers will serve Mitsubishi\u2019s subsidiary Diamond Gas International (DGI), according to an 18-year charter contract.<\/p>\n
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DGI manages the sales and marketing of Mitsubishi equity offtake of LNG volumes from the US and Canada and from other countries around the world.<\/p>\n
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Both LNG carriers will have the capacity of 174,000 cubic metres and will be delivered in 2021. The vessels will feature modern XDF propulsion and partial re-liquefaction facility.<\/p>\n
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MISC\u2019s interest in the total contract value is estimated at $201.6m.<\/p>\n
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MISC president and group chief executive officer Yee Yang Chien said: \u201cThis tri-party partnership is in line with MISC\u2019s strategy of diversifying our business ventures to support the expansion of our third-party business portfolios and further broaden our revenue sources.<\/p>\n
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\u201cWe are very pleased to enter into this maiden collaboration with Mitsubishi Corporation and at the same time extend our long-standing partnership with NYK, which dates to the times as co-owners of the Aman Class vessels.\u201d<\/p>\n
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MISC owns a fleet of 29 LNG carriers and two floating storage units, with a combined deadweight tonnage capacity of more than 2 million.<\/p>\n
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In a separate development, NYK has placed an order for the world\u2019s largest pure car and truck carrier (PCTC), capable of navigating oceans with LNG as the main fuel.<\/p>\n
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Scheduled to be delivered in 2020, the ship will be the first large LNG-fuelled PCTC to be constructed in Japan. The new vessel will be capable of transporting approximately 7,000 units (standard vehicle equivalent) per voyage.<\/p>\n","protected":false},"excerpt":{"rendered":"
Source : Ship-technology.com MISC Berhad (MISC) […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1551","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n