<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on October 30, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: MISC Bhd’s 51%-owned joint venture (JV) with PetroVietnam Technical Services Corp has won a time charter contract to lease a floating storage and offloading vessel (FSO) for US$176 million (RM735 million).</p></div>

<div class=newsTextDataWrapInner><p>Idemitsu Kosan Co Ltd will lease the FSO for seven years, with the charter expected to commence by mid-2020, MISC said in a filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It added that upon conversion of the vessel, the FSO will be deployed for the Sao Vang and Dai Nguyet Development Project in Blocks 05-1b and 05-1c offshore Vietnam.</p></div>

<div class=newsTextDataWrapInner><p>PetroVietnam is a member of Vietnam Oil and Gas Group and is primarily involved in the supply of technical services to the oil and gas industry in Vietnam.</p></div>

<div class=newsTextDataWrapInner><p>MISC said the contract is not expected to have any material impact on the earnings, gearing and net assets per share of the group for the financial year ending Dec 31, 2018.</p></div>

<div class=newsTextDataWrapInner><p>MISC shares closed down five sen or 0.84% at RM5.91 yesterday, with a market capitalisation of RM26.38 billion.</p></div>


KUALA LUMPUR: MISC Bhd’s 51%-owned joint venture (JV) with PetroVietnam Technical Services Corp has won a time charter contract to lease a floating storage and offloading vessel (FSO) for US$176 million (RM735 million).

Idemitsu Kosan Co Ltd will lease the FSO for seven years, with the ...

MISC JV bags RM735m time charter contract in Vietnam

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<p>KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p>Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of <strong>HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

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<p>FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.</p>

<p>He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.</p>


RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

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