AET (American Eagle Tankers), a number one power logistics supplier, introduced an settlement with Chartering and Shipping Services SA, (an entirely owned subsidiary of Total SA) for the time constitution of two LNG dual-fuel VLCCs. The two newbuilds are scheduled to be delivered to AET from Q1 2022.
Making the announcement, Mr Yee Yang Chien, Chairman of AET and President/Group CEO of MISC Berhad mentioned:
“AET is MISC Group’s wholly owned petroleum delivery subsidiary and immediately’s settlement cements its international place as a world class power logistics supplier. We subscribe to a sturdy sustainability agenda which reaches into all corners of our enterprise and features a dedication to guard the pure setting alongside a powerful concentrate on sustaining enterprise stability and continuity. Today’s settlement with Total takes us a step additional in delivering on that agenda. As a Group, we took early and daring selections to spend money on LNG dual-fuel vessels and I’m happy to see the trade responding so positively to our technique. I’m delighted we’ve got made this settlement with Total and I’d prefer to thank them for his or her confidence in AET”.
The two newbuilds will likely be powered by LNG and will likely be amongst probably the most environmentally pleasant VLCCs out there. When in service, they’ll emit round 20% much less CO2 greenhouse gases than standard vessels; 85% much less NOx and 99% much less SOx. In addition, 99% fewer advantageous particles will likely be launched. Immediately, these vessels adjust to IMO Tier III ranges, IMO 2020 sulphur cap and signify a major step in the direction of the IMO’s ambition to scale back carbon emissions by 50% by 2050 from a 2008 baseline.
Capt. Rajalingam Subramaniam, President & CEO, AET, mentioned:
“AET is investing to construct effectivity in our companions’ power logistics actions and this consists of aiding them to satisfy their environmental targets. Today’s collaboration is an extra instance of our dedication in the direction of Environmental, Social and Corporate Governance in addition to the UN Sustainable Development Goals. We have been among the many trade leaders in constructing and working LNG-powered Aframax vessels and dynamic positioning shuttle tankers and these two new ships will likely be our first LNG dual-fuel VLCCs.”
AET Tanker Holdings Sdn Bhd, previously American Eagle Tankers, is a Malaysian-owned international delivery firm specialising within the ocean transport of crude oil and refined merchandise. Its fleet of round 90 ships make it one of many main suppliers of maritime transport to the worldwide petroleum trade. The firm at the moment operates two LNG dual-fuel Aframax vessels and two LNG dual-fuel Dynamic Positioning Shuttle Tankers inside its international fleet.
(Source and picture AET)
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