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MISC Unit Buys 4 Tankers

Maritime Activity Reports, Inc.

July 1, 2010

MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each, according to a report in the Malaysia Star.  The Suezmax tankers, to be built at Samsung Geoje shipyard, will become AET’s first owned Suezmax class vessels. (SOURCE: Malaysia Star)