MISC Bhd has signed a second long-term charter contract with Northern Lights JV DA to operate a specialized liquid carbon dioxide carrier (LCO2C). The deal positions MISC as an early mover in the emerging carbon capture and storage logistics market, shifting its role from fossil fuel transport to green energy logistics. MBSB Research estimates the vessel will generate roughly RM35 million to RM50 million in annual revenue once operational, though the financial impact on MISC's RM12.3 billion order book is expected to be minimal. The contract is backed by major energy firms Shell, TotalEnergies, and Equinor, with NLJV covering voyage costs while MISC handles maintenance and crew. The 12,000 cubic meter LCO2 carrier is considered mid-sized. Based on historical data for similar LNG or LPG vessels, charter rates would typically range from US$40,000 to US$50,000 per day. Earnings contributions will only begin after vessel delivery, with capital expenditure spread over the next two to three years.
