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MISC in LNG vessel sale and charter deal with Nissen Kaiun

Photo: MISC MISC-LNG-carrier-sale.jpg
Malaysian shipowner MISC has sold two LNG carriers to Japanese owner Nissen Kaiun.

MISC is transferring ownership of the two vessels to Nissen Kaiun which at the same entered into a charter agreement with Eaglestar and Synergy Marine as ship managers.

Capt Rajalingam Subramaniam, President & Group CEO of MISC, “This strategic transaction is a testament to MISC’s commitment to enhancing our financial flexibility and our ability to adapt to evolving industry dynamics.

This is part of our MISC 2030 business strategy to unlock value, maximising returns from our gas portfolio, whilst growing commercial and operational scale for our shipping segment.”

The first of the two vessels is expected to be delivered to the Japanese owner in the fourth quarter of the year. It is the first time-charter business that Nissen Kaiun has done with MISC.

Capt Katsuya Abe, President of Nissen Kaiun, said, “With support from Synergy Group and Eaglestar, we will strive for the safe operation of LNG carriers.” The company hopes to expand its business in LNG carriers with MISC to other segments.