Report: MISC Orders Two Suezmax Tankers from Samsung

Illustration; Image Courtesy: MISC

Malaysia International Shipping Corporation (MISC) has placed an order for two Suezmax shuttle tankers at South Korea’s shipbuilder Samsung, according to data provided by VesselsValue.

Under the agreement, reportedly signed between the parties on June 15, Samsung is scheduled to deliver the two tankers, which feature 125,000 dwt, to their owner in 2019.

MISC is paying a total of USD 250 million for the vessels, which currently have a market value of around USD 92.7 million each, VesselsValue data shows.

Malaysia’s shipping giant operates a fleet of 46 vessels, six of which are tankers with an average age of 4 years.

Besides the two Suezmaxes now on order, the company’s orderbook also has three LNG carriers, being constructed by South Korean Hyundai Heavy Industries.

Featuring 150,000 cbm each, the new LNG carriers, which are valued at around USD 170 million a piece, are scheduled to join their owner in July, October and November 2017, respectively.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >