MISC'S COMMENCES FIRST LONG TERM 3RD PARTY CHARTER HIRE

KUALA LUMPUR, Oct 8 (Bernama) -- MISC Bhd announced that its latest
liquefied natural gas (LNG) vessels, Seri Balqis and Seri Balhaf, has officially
joined the fleet of world class LNG vessels delivering LNG for the Yemen LNG
Project.

This followed the signing of the Protocol of Delivery & Acceptance of
the two vessels by MISC (Malaysia International Shipping Corporation) and Yemen
LNG Co. Ltd. on Oct 6, 2009, in conjunction with the 24th World Gas Conference
in Buenos Aires, Argentina.

The signing marked the commencement of a long term charterparty between MISC
and Yemen LNG, the shipping company said in a statement Thursday.

MISC described the long term third party LNG shipping contract as a
significant milestone in its plan to grow its third party LNG shipping
business and increase LNG operations beyond its traditional core Asia Pacific
routes.

Upon commencing operations, the two vessels will deliver LNG to TOTAL Gas &
Power Ltd from Yemen to the United States, Mexico and major LNG terminals
worldwide.

The contract, signed in December 2005, will see the two vessels being
chartered to service Yemen LNG for a period of 20 years, with options for a
further 11 years.

With the signing of the Protocol of Delivery & Acceptance, the two vessels
are scheduled to make their maiden call to the Balhaf LNG terminal in Yemen end
of the fourth quarter of 2009.

Both vessels, with a capacity of 157,000 cubic metres, were built and
delivered in 2009 by Japan's Mitsubishi Heavy Industries.
-- BERNAMA