AET, part of Malaysia’s MISC, has sealed a deal for the long-term charter of two LNG dual-fuelled aframax tankers to Shell International Trading and Shipping.
The two vessels are currently under construction at South Korea’s Samsung Heavy Industries and due for delivery from the third quarter of 2018. Shell will take them on charter from the fourth quarter of 2018.
Rajalingam Subramaniam, president and CEO of AET, commented: “Shell is a longstanding and highly valued partner, and we have been working together on these time charter arrangements for quite some time. The fact that Shell has agreed to charter our new ships is a true testament to their commitment to thriving throughout the energy transition and will encourage AET to forge ahead with our commitment to operate a future fleet, where at least half of our ships are fuelled with LNG.”
The Malaysian flagged vessels will be fitted with twin LNG tanks, and when operating in gas mode will emit up to 30% less CO2, 85% less NOx, 99% less SOx and 95% less particular matters.