Shell charters three AET shuttle tankers for Brazil

For illustration: One of AET’s Suezmax tankers; Source: AET

AET Tankers, a subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad, has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.

Under the terms of the deal, AET will own and operate three newbuilding Suezmax Class dynamic positioning (DP) shuttle tankers for operations in international and Brazilian waters.

AET is the petroleum shipping unit of MISC and specializes in the global ocean transport of petroleum.

According to MISC’s Bursa Malaysia filing from Friday, the long-term time charter for the three vessels is expected to begin in 2022 and has an estimated contract value of $245 million.

AET said that these long-term time charter contracts would further reinforce its position in the niche Dynamic Positioning Shuttle Tankers market.

It is worth reminding that AET secured its first contract with Shell for the time charter of one new-build dynamic positioning shuttle tanker in Brazil back in August 2018. The 152,700 DWT DP2 vessel, being built by a Korean shipyard, is expected to be delivered in 4Q 2020.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply