KUALA LUMPUR: MISC Bhd via a consortium has been awarded long-term time charter parties by QatarEnergy for five 174,000 metre cube newbuild liquefied natural gas carriers to be built by Hudong-Zhonghua Shipbuilding (Group) Co Ltd.
In a filing with Bursa Malaysia, MISC said the consortium members, which also include Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha, Ltd. (K-Line) and China LNG Shipping (Holdings) Ltd (CLNG), wil each have a 25% equal equity interest in each awarded LNG carrier.,
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It said MISC has entered into shareholders’ agreements with the consortium through its wholly-owned subsidiary known as Portovenere and Lerici (Labuan) Private Limited (PLL).
Accordingly, joint venture companies will be formed to manage the commercial operations of the LNG carriers and Eaglestar Shipmanagement GAS (S) Pte Ltd, an indirect wholly-owned subsidiary of the company will be providing ship management services for part of this project.