MISC inks time charter parties with Exxon Mobil unit

KUALA LUMPUR: MISC Bhd's vessel-owning entities Polaris 3 and Polaris 4 have signed two time charter parties with Exxon Mobil Corp's wholly-owned subsidiary SeaRiver Maritime LLC for the charter of two newbuild liquefied natural gas carriers for operations in international waters.

It said in a filing with Bursa Malaysia, the vessels will be chartered by SeaRiver for a firm period of 10 years for operations commencing in 2026.

The time charter parties do not have any effect on the issued and paid up share capital and substantial shareholding in MISC.

They are also not expected to have any material impact to the earnings per share, gearing and net assets per share of the MISC Group for the financial year ending Dec 31, 2022, it said.