AET orders shuttle tanker pair for Statoil contract

Singapore-headquartered AET, part of Malaysia’s MISC, has ordered a pair of DP2 offshore loading shuttle tankers to operate under an extended long-term contract with Statoil.

The twin skeg 125,000 dwt tankers will be built at South Korea’s Samsung Heavy Industries and are scheduled for delivery in 2019.

Statoil will utilise the vessels in oilfields in the North Sea, Norwegian Sea and the southern Barents Sea as well as on the UK Continental Shelf. They will operate in addition to two DP2 vessels currently on charter to Statoil in the North Sea.

Rajalingam Subramaniam, president and CEO of AET, commented: “We first forged a partnership with Statoil in 2012 when we were awarded a long-term contract to operate two state-of-the-art shuttle tankers in the North and Barents Sea. I am delighted that Statoil has recognised and endorsed the quality of our operations in this most demanding of environments by giving us a further opportunity to support their business with two additional state-of-the-art DPSTs.”

OSM Maritime Group will provide technical management, supported by the MISC Group, during the construction of the vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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