AET orders shuttle tanker quartet for Petrobras deal

AET orders shuttle tanker quartet for Petrobras deal

AET, part of Malaysia’s MISC, has headed to Korea to order four suezmax shuttle tankers after winning a long-term charter deal from Brazil’s Petrobras.

The four vessels will be equipped with ballast water treatment systems and are scheduled for delivery in 2020. Upon delivery, the quarter will be contracted to Petrobras for operations in international and Brazilian waters, adding to two vessels already on charter to Petrobras.

Rajalingam Subramaniam, president & CEO of AET, commented: “The 2010 Petrobras contract signalled AET’s entry into the shuttle tanker market and this allowed us to demonstrate our expertise and enhance our reputation in a more sophisticated arena of the petroleum logistics industry. Harnessing this experience, we continued to innovate and re-engineer our business and operations to ensure the services we deliver remain relevant to the evolving landscape and our customers’ changing needs.”

Last month, AET also sealed a deal for the long-term charter of two LNG dual-fuelled aframax tankers to Shell International Trading and Shipping.

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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