It has been a busy week for Malaysian shipowner MISC, which has entered the floating storage and regasification unit (FSRU) segment while also expanding its LNG carrier fleet through new deliveries from South Korea
MISC, part of the Petronas group of companies, confirmed in a 4 May stock exchange filing that it has signed a shipbuilding contract with Samsung Heavy Industries for the construction of one FSRU.
The South Korean shipbuilder also separately announced the order on the same day, without naming the counterparty, valuing the contract at approximately US$328M, with delivery scheduled through February 2029.
In parallel, MISC has accepted a letter of award from Petronas Gas Berhad (PGB) for a 20-year project covering the supply, operation, and maintenance of the newbuild FSRU. PGB is a listed subsidiary of Petronas, with a 51% stake held by the Malaysian energy major, and is engaged in gas infrastructure and utilities operations.
Growing fleet
Meanwhile, MISC has further strengthened its LNG carrier fleet with the delivery of two 174,000-m³ newbuildings from Hanwha Ocean, named Seri Dian and Seri Dayang.
The company said the pair reinforces its long-standing partnership with SeaRiver Maritime LLC, a wholly owned subsidiary of ExxonMobil. MISC now operates four LNG carriers under long-term charter with the company.
MISC’s LNG carrier fleet currently stands at 32 vessels. Earlier this year, the company contracted China’s CSSC Hudong-Zhonghua Shipbuilding for a series of LNG carriers.
“The smooth management of this project has contributed to a cumulative two million safe manhours as of 30 March 2026, with zero lost-time injury, and is a testament to the principle that when people come first, performance follows,” said MISC president and group chief executive Zahid Osman.
