AET Inc. and Shell International Trading and Shipping Company Thursday formalised arrangements for the long-term charter of AET’s two newbuild liquefied natural gas (LNG) dual-fuelled Aframax tankers.
Both 113,000 dwt vessels are currently being built by Samsung Heavy Industries in South Korea and are due for delivery from Q3 of 2018. Shell will take both vessels on a long-term charter commencing in the fourth quarter of 2018.
“We took the decision to begin building LNG dual-fuelled Aframax vessels some time ago and these two Aframaxes are amongst the first to take their place in our global fleet,” said AET’s President and CEO, Capt. Rajalingam Subramaniam.
“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.”
Both Malaysian flagged vessels will be fitted with twin LNG tanks, allowing them to trade worldwide on LNG. Use of the fuel allows the vessels to operate in 0.1% sulphur SECA regions of North America, Northwest Europe and Asia, and ensures full compliance with the incoming 2020 sulphur cap.
“These two LNG fuelled vessels will help Shell Trading move crude, principally in the Atlantic basin,” says Mark Quartermain, Vice President, Shell Crude Trading.
“LNG is a credible marine fuel and will play an important role in our fleet as we introduce cleaner and more efficient vessels. As emissions standards tighten we continue to work with forward thinking companies like AET to support lower emission transportation solutions.”
Photo credit: AET Tankers
Published: 13 April, 2018
Three incidents occurred in Phillip Channel in Oct 2022, which is the highest number of incidents in Phillip Channel recorded within a month since Jan 2022, says IFC.
Bunkering, fuel consumption and emission monitoring systems are part of the technology suite developed by Singapore-based Ascenz.
Revenue growth substantially attributed to oil trading & bunkering services segment, due to the recovery of the maritime industry and global oil prices.
A VIB, which contains an electrolyte made from a mixture of water and ground vanadium, is fundamentally free from the risk of explosion or fire.
Sales of low sulphur 380 cSt grade significantly increased from 700 mt to 21,500 mt in March 2019 on year.
Project launched in June 2021 is jointly supported by the Yantian District Government of Shenzhen City, PetroChina and Natural Gas Company and Shenzhen Gas Group.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
