Malaysia-based MISC Berhad (MISC) received a letter of award from Malaysia LNG Sdn. Bhd. (MLNG) for a long-term time charter of a newbuild 18,700-cbm LNG carrier.
In an announcement on the stock exchange on Friday, the company said the project will be for a firm charter period of ten years, with commencement expected in 2028.
MISC, through its subsidiary, will provide the LNG shipping services to MLNG.
In connection with the project, MISC has entered into a shipbuilding contract on July 30, 2026, with Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (HZ) for the construction of the newbuild 18,700-cbm LNGC.
The company said the project supports its LNG carrier fleet rejuvenation programme through the deployment of a modern, fuel-efficient vessel and PETRONAS’ continued LNG supply to Sendai City, Japan.
In accordance with the stock exchange announcement, MLNG operates the PETRONAS LNG Complex in Bintulu, Sarawak, one of the world’s largest LNG production facilities on a single site, with a production capacity of nearly 30 million tonnes per annum.
“It serves as the cornerstone of PETRONAS’ supply reliability,” MISC noted.
MISC Group, a member of the PETRONAS Group of Companies, is an international maritime company with more than 55 years of experience.
HZ is a shipbuilding enterprise under China State Shipbuilding Corporation Limited, with expertise in R&D (research and development), engineering and construction of ships ranging from large LNGCs, large/ultra-large container ships, chemical tankers, heavy-lift ships to military ships.
