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.