AET tipped to be behind Samsung Heavy shuttle tanker trio

Malaysia’s AET is widely tipped to be the Asian owner behind yesterday’s stock market announcement from South Korea’s Samsung Heavy Industries regarding a trio of shuttle tanker orders.

Samsung Heavy announced yesterday it had won a KRW361.1bn ($302.2m) order to build three suezmax sized shuttle tankers. The ships will start delivering from July 2022. Samsung Heavy is the world’s leading shuttle tanker builder, with almost one in two of this niche ship type built by the Korean yard over the past 25 years.

Splash understands AET is the client for this latest order. Last month AET was awarded long term time charter contracts for three suezmax class dynamic positioning shuttle tankers by Petrobras for a charter set to start in 2022. The charter contract is worth $525.6m.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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