ExxonMobil inks time charters for MISC LNG carrier pair

Yee Yang Chien, ceo of MISC

The two 174,000 cu m LNG carriers will be chartered to ExxonMobil subsidiary SeaRiver Maritime for transporting LNG worldwide for a period of 15 years.

The Malaysian shipowner has inked newbuilding contracts for the two vessels with Samsung Heavy Industries with delivery expected in Q1 2023. The vessels will feature XDF propulsion and a Mark III Flex Plus containment system.

MISC president and group ceo, Yee Yang Chien, said “This is certainly a landmark moment for MISC, and we are proud to expand this strategic partnership with ExxonMobil through SeaRiver in providing best-in-class shipping solutions, beginning with petroleum and now LNG. With our broad spectrum of energy related maritime solutions and services, MISC is confident of our ability to serve the various needs of the global oil and gas industry.”

Alex Volkov, vice president of global LNG Marketing at ExxonMobil, commented: “Our cooperation with MISC is an integral part of ExxonMobil’s commitment to provide flexible solutions in the open and dynamic LNG marketplace.

“The addition of these two vessels will help us build a competitive LNG value chain as ExxonMobil continues to grow its global gas portfolio and expand supply positions to meet evolving needs of our customers.”

Posted 10 October 2019

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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