KUALA LUMPUR: MISC Bhd’s wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd (AET), through its vessel-owning entity, has been awarded three long-term time charter contracts by Brazil Shipping I Ltd worth US$245 million.
AET is the petroleum shipping unit of MISC, specialising in the ocean transport of crude oil and refined products.
In a filing with Bursa Malaysia today, MISC said AET will own and operate the newbuild Suezmax class dynamic positioning shuttle tankers for operations in international and Brazilian waters.
The contract was expected to commence in 2022, thecompany added.
It is not projected to have any material impact to the earnings, gearing and net assets per share of the MISC Group for the financial year ending December 31, 2019.