July 5, 2007
MISC orders eight chemical/product tankers
Malaysia's MISC Berhad has confirmed an order for eight 45,000 dwt chemical/product oil tanker newbuildings with SLS Shipbuilding Co., Ltd of South Korea for a total value of approximately $430 million
The first three ships are scheduled for delivery in 2009 and the remaining five for 2010.
The orders have been placed to expand MISC Berhad's Chemical Fleet capacity and extend the geographical coverage of its operations for the purpose of increasing its market share in chemical, vegetable oil shipping and products trade.
With the expanded chemical fleet --all double-bulled and fully compliant with new MARPOL regulations--MISC says it is well placed to service growing Malaysian palm oil transportation needs.