AET, the tanker unit of Malaysia’s MISC Group, has officially reached an agreement with Shell for the time charter of a newbuild shuttle tanker in Brazil.
The 152,700 dwt tanker, which will be compliant to IMO NOx Tier 3 requirements, is expected to be delivered by a South Korean shipyard in the fourth quarter of 2020.
“Adding AET’s dynamic positioning vessel to our operations in Brazil supports our growing deep-water activities. It achieves this by providing us with increased flexibility for our crude trading business as we look to serve our global customers with Brazil’s growing offshore production. We look forward to building upon our relationship with AET to support our crude trading operations,” said Mark Quartermain, vice president of Shell Trading and Supply Crude.
In April, Shell chartered two newbuild LNG-fuelled aframax tankers from AET. The vessels are due for delivery from the third quarter of this year.