MISC Group has signed contracts to build two LNG dual-fuel Suezmax tankers through its shipping arm, AET, as part of its fleet renewal and energy transition strategy. These vessels will operate under long-term charters, enhancing the company’s financial stability and supporting disciplined growth. This addition expands MISC’s dual-fuel capabilities across all tanker segments, including Aframaxes and very large crude carriers.
The orders signify MISC’s commitment to investing in cleaner and more energy-efficient shipping solutions, aligning with global net-zero goals. In April 2024, the company also ventured into ammonia dual-fuel capabilities by securing a time charter for Aframax tankers, marking a transitional phase toward future ammonia-fueled operations.
Currently, MISC’s fleet comprises 106 vessels, and with the new Suezmax tankers, the group will have 21 new builds in its renewal pipeline over the next two to three years. Zahid Osman, President & Group CEO of MISC Group, emphasized that this extensive renewal cycle aims not just at modernization but also at strengthening long-term cash flow resilience and creating sustained value for shareholders.
