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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.
Zhejiang Satellite Petrochemical signed shipbuilding contracts with Hyundai Heavy Industries and Samsung Heavy Industries for four Very Large Ethane Carriers worth $441 million, with delivery starting in Q2 2022.