MISC's Brazil charter contract worth RM2.57b

PETALING JAYA: MISC Bhd revealed that the contract value for the long-term charter contract awarded by Petrobras last month is US$645 million (RM2.57 billion).
The contract is to own and operate four specialist DP2 Suezmax size shuttle tankers for operations in international and Brazilian waters.
MISC had announced that charter period is 10 years and is expected to commence in 2020. These new vessels will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras.
Petrobras is headquartered in Rio de Janeiro, Brazil and is an international energy company and present in the oil exploration and production, refining, natural gas, electric energy, logistics, trade, distribution, petrochemicals, fertilizers, and biofuel segments.
MISC shares were down 8 sen or 1.3% to close at RM6.12 on some 1.52 million shares traded.