Malaysia: MISC petroleum arm AET places order for world’s first ammonia dual-fuel Aframax duo
- Published
by Admin
MISC’s petroleum arm AET signed shipbuilding contracts for the world’s first two ammonia dual-fuel Aframaxes with China State Shipbuilding Corporation subsidiary Dalian Shipbuilding Industry Co., Ltd (DSIC), according to MISC on Friday (19 April).
MISC also entered into Time Charter Party Contracts (TCP) with PETCO Trading Labuan Company Ltd (PTLCL) via AET for the vessels.
Through these vessels, PTLCL will be able to transport its products to customers around the world while contributing to the industry decarbonisation by utilising ammonia as the cleaner alternative to conventional bunker fuel.
The TCP was signed by Mr. Zahid Osman, President & CEO of AET and Mr. Shamsul Bahari Salleh, CEO of PTLCL; and witnessed by Captain Rajalingam Subramaniam, President and Group CEO of MISC, and Mr. Ahmad Adly Alias, Chairman of PTLCL.
Captain Rajalingam Subramaniam, President and Group CEO of MISC, said: “Congratulations to AET and PTLCL for reaching a significant step of materialisation today since the signing of the Memorandum of Understanding in February 2023.”
“It’s been made more meaningful, collaborating with PTLCL, a member of the PETRONAS Group. Thank you, Dalian Shipbuilding Industry Co., Ltd. for being part of this journey. Well done to MISC Marine and New Energy & Decarbonisation of MISC, the critical enablers in bringing this vision to life.
These partnerships seamlessly align with our collective vision of driving meaningful and purposeful change globally as we progress towards a net-zero future. With the signing of these contracts, we’re not only advancing sustainable practices but accelerating our journey towards the MISC Group’s 2030 aspirations.
Zahid Osman, President & CEO of AET, said: “With today’s signings of the Shipbuilding Contracts with DSIC and the Time Charter Party Contracts with PTLCL for the world’s first two ammonia dual-fuel Aframaxes, we take concrete actions to deliver on our commitment as industry leaders to progress the decarbonisation of the shipping sector.”
“The introduction of these two vessels will reduce the overall emissions from our operations whilst we deliver more energy for the world. I would like to thank PTLCL and DSIC for their forward thinking and collaboration to spearheading this new generation of ultra-low emissions tankers to support the decarbonisation of the maritime industry.”
Photo credit: MISC
Published: 22 April 2024
