# MISC Berhad buys six VLECs from Samsung and HHI, charters to STL

MISC Berhad agreed to buy six 98,000 cbm VLEC newbuilds from Samsung Heavy Industries and Hyundai Heavy Industries for about $726 million and charter them to Zhejiang Satellite Petrochemical for 15 years.

- Type: Contract
- Announced: 2020-08-26
- Value: $726.0M
- Status: announced
- Products: Very Large Ethane Carriers

## Companies

- [Hyundai Heavy Industries](https://endata.com/companies/1382.md) (supplier)
- [Samsung Heavy Industries](https://endata.com/companies/1440.md) (supplier)
- [MISC Berhad](https://endata.com/companies/7759.md) (acquirer)
- [Zhejiang Satellite Petrochemical](https://endata.com/companies/49506.md) (customer)

## Sources

- [offshore-energy.biz](https://www.offshore-energy.biz/2020/08/26/zhejiang-satellite-petrochemical-splashes-414-million-on-vlec-quartet), 2020-08-26: "MISC decided to buy the ships for around $726 million and charter them to STL for a firm period of fifteen years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.