Malaysia: AET Confirms Its Green Credentials

AET – a leading global owner/operator of petroleum tankers – formally gave its commitment to the MPA Green Shipping Programme. President and CEO, Hor Weng Yew, signed-up to the initiative at a ceremony held in Singapore as part of the international bunkering conference, SIBCON.

The Green Shipping Programme was established by the Maritime and Port Authority of Singapore (MPA) and is aimed at reducing the environmental impact of shipping and promoting green and clean shipping in Singapore. AET is participating in the Green Ship element of the programme which encourages shipowners to adopt energy efficient ship designs that reduce fuel consumption and associated emissions. To qualify, owners have to submit an International Energy Efficiency Certificate that proves the vessels’ Energy Efficiency Design Index (EEDI) exceeds the IMO’s minimum requirements.

As a further endorsement of AET’s commitment to environmental responsibility, the company will take delivery of its newest “eco-design” Suezmax tanker by the end of October. This vessel, named Eagle San Pedro, is the last of four sister ships to join the fleet from Samsung Heavy Industries in Korea. The 158,000dwt newbuild includes hull form optimisation and de-rating of the main engine power for low load optimisation, saver fins, a star propeller and rudder bulb to substantially reduce the amount of fuel used.

Speaking at the signing ceremony, President and CEO, Hor Weng Yew said:

“I am very proud to sign our commitment to this extremely worthwhile environmental programme. Protection of the natural environment features very highly on the corporate agenda of all responsible ship owners and, at AET, we are investing significant resources into ensuring we operate in the most environmentally friendly way possible.

By the end of the year, we would have taken delivery of four new “eco-design” Suezmax tankers which are all operating under the Green Ship Programme. Next year we will accept four new “eco-design” VLCCs into our fleet. We are committed to a fleet rejuvenation programme that ensures all new vessels joining the fleet will be significantly more fuel-efficient than those they replace. This is good for us, good for our customers and good for the environment.”

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AET, October 17, 2012