MISC shuttle tanker deal with Petrobras worth $645m

MISC belatedly provided more details about its 10-year long term charter contract with Petrobras signed in May, revealing that the deal was worth $645m.

MISC’s tanker unit AET Tanker Holdings was awarded the contract to own and operate four specialist DP2 Suezmax shuttle tankers for Petrobras for operations in international and Brazilian waters, on May 25. The firm charter will commence in 2020.

MISc has recently said it sees good potential in floating production, storage and offloading (FPSO) vessels and shuttle tankers and is planning $4bn in capex over the next five years.

AET already operates two shuttle tankers for Petrobras under an earlier contract.

Posted 11 June 2018

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Vincent Wee

Asia Editor, Seatrade Maritime News

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