AET seals charter for trio of suezmax shuttle tankers with Shell in Brazil

AET seals charter for trio of suezmax shuttle tankers with Shell in Brazil

Malaysian-owned AET has been awarded long-term contracts by Shell’s Brazil Shipping I Limited for three suezmax shuttle tankers.

AET will own and operate the newbuild vessels, which will operate in international and Brazilian waters. The charters are expected to commence in 2022 and the estimated contract value is $245m.

“These long-term time charter contracts will further reinforce AETs position as one of the global market leaders in the niche dynamic positioning shuttle tankers market in addition to fortifying its position as amongst the world’s leading international petroleum shipping solutions providers,” the company said.

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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