AET Limited

AET Limited, also known as AET Tankers, is a leading global owner and operator of petroleum tankers. The company is headquartered in Singapore and operates a diversified fleet that includes Very Large Crude Carriers (VLCCs), Suezmax tankers, Aframax tankers, and smaller product tankers. AET is a wholly-owned subsidiary of MISC Berhad, which is part of the Petronas Group, Malaysia's national oil and gas company.

Key Points:

1. History and Background:

   
   
   
   
   • AET was originally established as the American Eagle Tankers (AET) and has since evolved to become a significant player in the global shipping industry.
   
   
   • The company was acquired by MISC Berhad in 2003.
   
   
   
   



2. Fleet and Services:

   
   
   
   
   • AET operates a modern and diversified fleet of crude oil and refined petroleum product tankers.
   
   
   • The company offers shipping services that include spot charters, long-term time charters, and commercial management of vessels.
   
   
   • AET also provides specialist services like lightering, a process where larger vessels transfer cargo to smaller ones in order to safely transfer oil into ports with draught limitations.
   
   
   
   



3. Global Presence:

   
   
   
   
   • AET's operations span globally with offices strategically located in major cities including Houston, London, Kuala Lumpur, and Gurgaon, in addition to its headquarters in Singapore.
   
   
   • The company serves major oil companies, refineries, and trading houses around the world.
   
   
   
   



4. Sustainability Efforts:

   
   
   
   
   • AET places a strong emphasis on sustainability, focusing on reducing its environmental footprint.
   
   
   • The company has been investing in dual-fuel tankers that can run on cleaner-burning liquefied natural gas (LNG), reducing emissions.
   
   
   
   



5. Safety and Regulations:

   
   
   
   
   • AET adheres to the highest standards of safety and regulatory compliance in the maritime industry.
   
   
   • The company invests heavily in training and development to ensure their crew and staff are equipped with the necessary skills to maintain these standards.
   
   
   
   



6. Corporate Social Responsibility:

   
   
   
   
   • AET is involved in various corporate social responsibility initiatives, including community support programs and environmental conservation projects.
   
   
   
   

Performance and Strategic Goals:

• Market Position: AET aims to strengthen its market position by expanding its fleet and enhancing its service offerings.


• Innovation: The company is continuously exploring new technologies and sustainable practices to improve operational efficiency and reduce environmental impact.


• Customer Focus: AET prioritizes long-term relationships with clients by providing reliable and high-quality services.

Overall, AET Limited is well-regarded in the maritime industry for its commitment to safety, sustainability, and operational excellence. The company continues to evolve in response to industry trends and customer needs, maintaining its position as a leader in global petroleum transportation.