MISC Unit Buys 4 Tankers
MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each, according to a report in the Malaysia Star. The Suezmax tankers, to be built at Samsung Geoje shipyard, will become AET’s first owned Suezmax class vessels. (SOURCE: Malaysia Star)
MISC Confirms 4-Tanker Order
MISC Bhd said its wholly-owned subsidiary AET Inc Ltd has confirmed its order for four 107,500 dwt Aframax tankers from Japan's Tsuneishi Corp for US$260 million. The first tanker will be delivered in 2009 and the remaining three will be delivered in 2010, it said in a statement. MISC, a subsidiary of national oil company Petronas, said the order was in line with AET's commitment to be one of the premier petroleum logistics provider in the world. (Source: www.bernama.com.my)
MISC to Sell and Lease Back Aframax Tankers
MISC Bhd said its subsidiary AET Inc Ltd has entered into a sale and leaseback agreement of five Aframax tankers from its existing fleet for $185m resulting in $90m gain. The shipping company in a statement on Nov 20 said the sale and lease back is to capitalise on the current buoyant asset environment and release value for reinvesting in new and more efficient tankers. The five tankers MT Quasar, Eagle Centaurus, Eagle Carina, Eagle Corona and Eagle Auriga were built between 1989 and 1993. Source: The Edge