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

Petrobras charters AET’s newbuild shuttle tanker trio

  • Business & Finance

AET Tankers, a subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad, has been awarded long-term time charter contracts from Brazilian oil major Petrobras.

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

AET said on Wednesday that it would own and operate three newbuilding Suezmax DP2 shuttle tankers for operations in Brazilian international waters.

According to the company, the estimated contract value is $525.6 million and the charter is expected to begin in 2022.

“These long-term time charter contracts will further reinforce AET’s position as one of the global market leaders in the niche dynamic positioning shuttle tankers market […],” AET stated.

This follows recent long-term charters awarded for three newbuilding Suezmax class shuttle tankers by Brazil Shipping I Limited, a Shell group entity.

It is worth noting that the previous charter awarded to AET by Petrobras was back in 2018.

Namely, the deal was for owning and operating four DP2 Suezmax shuttle tankers on long-term charter. These new vessels would be added to two such vessels already on charter offshore Brazil.

The four 152,000 dwt shuttle tankers are under construction in Korea and will be delivered during 2020.


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