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AET unveils “Eagle Valence”, one of the world’s first dual-fuel VLCCs

25 Feb 2022

Operator and owner of maritime transportation assets and specialised services AET on Thursday (24 February) introduced its newest vessel, Eagle Valence, which is one of the world’s first dual-fuel and amongst the most environmentally friendly VLCCs in the market.

It is the first of two dual-fuel VLCCs built for long-term charter to Chartering and Shipping Services SA, a wholly owned subsidiary of TotalEnergies SA, based on the agreement signed in April 2020.

The 300,000dwt tanker, Eagle Valence, was unveiled at a virtual naming ceremony held at the Samsung Heavy Industries (SHI) Shipyard in Geoje, South Korea.

Capt. Rajalingam Subramaniam, President and CEO of AET and COO of MISC Berhad said AET and TotalEnergies both have clear ambitions to decarbonise shipping and both pushed boundaries to move towards a lower carbon future when they collaborated to build two of the first dual-fuel VLCCs in 2020. 

“As an early pioneer in dual-fuel vessels, AET continues to invest in technology and team up with like-minded partners such as TotalEnergies who share our goal to create a truly sustainable global trade network. I urge everyone in the industry to action cleaner and greener, collaborate and partner, act now and not later.”

Eagle Valence’s sister vessel is currently under construction at the Samsung Heavy Industries yard in South Korea and due to be delivered in the second quarter of the year. 

Both vessels represent a game changer in conventional energy shipping with a carbon footprint reduction that is contributing to AET’s aspiration to meet or exceed IMO’s 2030 Greenhouse Gas goals. The carbon reduction is achieved through a combination of the cutting-edge LNG dual-fuel technology, energy saving devices and innovative feature

Commenting at the naming ceremony, Luc Gillet, Senior Vice President of TotalEnergies Shipping and Trading said this vessel will contribute to our Climate Ambition to get to Net Zero by 2050 together with society.

Meanwhile, Datuk Yee Yang Chien, President/Group CEO of MISC Berhad and Chairman of AET said the company believed that LNG is the best fuel option available immediately for use.

 “Whilst we continue our on-going efforts by leading, collaborating and contributing to other long-term initiatives which we hope will bring us closer to achieving a fully decarbonised sector.”

AET has 11 LNG dual-fuel vessels in its fleet portfolio with three Aframaxes in operations in the Atlantic, one Aframax operating in the Pacific and two Dynamic Positioning Shuttle Tankers (DPSTs) operating in North and Barents Seas now being joined by the first VLCC. Another four dual-fuel VLCCs are at newbuilding stage to be delivered in 2022 and 2023.

In addition to the naming of Eagle Valence, AET also took delivery of one more Suezmax Dynamic Positioning (DP2) Shuttle Tanker today, bringing the number of DP shuttle tankers it operates globally to 13.

 

Photo credit: AET
Published: 25 February, 2022

 

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