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

SHI Wins Order for LNG Carrier Pair

South Korean shipbuilder Samsung Heavy Industries (SHI) has inked a contract with compatriot natural gas company ...

read more →

VV: Newbuilding Orders Drop in April

Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report ...

read more →

Report: Samsung Heavy Wins Four More VLCC Orders?

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for four more very large crude ...

read more →

G E Shipping Adds Suezmax Tanker

Mumbai-based Great Eastern Shipping Company (G E Shipping) has taken delivery of Jag Leena, a secondhand Suezmax ...

read more →

Suezmax Tanker Joins NAT's Fleet

Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has expanded its fleet as it took delivery of a ...

read more →

Secondhand Suezmax Joins G E Shipping’s Fleet

Mumbai-based Great Eastern Shipping (G E Shipping) has taken delivery of Jag Laadki, a 2000-built Suezmax crude ...

read more →

In Depth>

New LNG Carrier Joins MISC Berhad's Fleet

Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, held the naming and ...

read more →

MISC Kicks Off FSO Benchamas 2 Conversion Project

MISC Berhad, a subsidiary of Petronas, has marked the start of the floating, storage and offloading (FSO) Benchamas ...

read more →

G E Shipping Buys Two Suezmax Tankers

Mumbai-based Great Eastern Shipping (G E Shipping) has inked contracts to buy two 157,000 dwt Suezmax crude ...

read more →

Samsung Heavy Swings to Profit

One of South Korea’s biggest shipbuilders, Samsung Heavy Industries (SHI), has seen its net income surge to ...

read more →

NAT to Increase Fleet with Suezmax Trio

Bermuda-based tanker owner Nordic American Tankers Limited has decided to up its fleet to 33 vessels as it signed ...

read more →

SHI to Build Four Tankers for Norwegian Owner

Norwegian Viken Shipping has ordered four oil tankers from South Korea’s shipbuilder Samsung Heavy Industries ...

read more →

Events>

<< Nov 2017 >>
MTWTFSS
30 31 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 1 2 3

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

3RD ANNUAL GENERAL AVERAGE SEMINAR

ATTEND THIS SEMINAR TO:
- Get up to speed on the revisions to the York-Antwerp Rules 2016…

read more >

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Green Ship Technology North America

Survival of the fittest in maritime: Make smart investments, ensure you are compliant, future proof your fleet…

read more >

NAT Expands Fleet with New Tanker

Bermuda-based tanker owner Nordic American Tankers Limited (NAT) took delivery of a Suezmax newbuilding tanker the ...

read more →

London Spirit Joins Teekay’s Fleet

Bermuda-based shipping company Teekay Corporation welcomed another Suezmax tanker, the London Spirit, to its fleet ...

read more →

Nordic Sirius Handed Over to NAT

New York-listed tanker owner Nordic American Tankers (NAT) has taken delivery of the Nordic Sirius, the third in a ...

read more →