MISC receives long-term charter contracts from Petrobras

PETALING JAYA: MISC Bhd has bagged a long-term charter contracts to own and operate four specialist DP2 Suezmax size shuttle tankers for operations in international and Brazilian waters.
The group told Bursa Malaysia that the contracts were awarded to its wholly owned subsidiary AET Tanker Holdings Sdn Bhd by Petróleo Brasileiro S.A. – Petrobras.
The firm charter period is ten years and is expected to commence in 2020. These new vessels will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras.
AET is the petroleum shipping unit of MISC and specialises in the global ocean transport of petroleum.
Meanwhile, Petrobras is headquartered in Rio de Janeiro, Brazil and is an international energy company and present in the oil exploration and production, refining, natural gas, electric energy, logistics, trade, distribution, petrochemicals, fertilisers and biofuel segments.
MISC shares declined 10 sen or 1.65% to close at RM5.96, with some 2.95 million shares changing hands.