AET Limited
- Ship Owners
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:
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.
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.
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.
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.
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.
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.
Ships
EAGLE AUGUSTA
Tanker for Oil | Flag: Singapore | Port: SINGAPORE
Maritime News
US Seizes Iranian Cargo Ship, Tehran Vows Retaliation
Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground, as Iran said it would not participate in a second round of negotiations that the U.S. had hoped to kick off before the ceasefire expires on Tuesday.The U.S. has maintained a blockade of Iranian ports, while Iran has lifted and then reimposed its own blockade on marine traffic passing through the Strait of Hormuz, which typically handles roughly one-fifth of the world's oil supply.The U.S.
Fincantieri, Princess Ink Deal for Three LNG-Fueled Ships
Fincantieri and Princess Cruises signed an agreement for the construction of three new LNG-powered cruise ships. The vessel, part of a new “Voyager” class, will be built at Fincantieri’s Monfalcone yard, with deliveries scheduled for 2035, 2038 and 2039. While financial details were not disclosed, the contract has been described as significant and remains subject to financing and standard conditions.Each ship will be approximately 183,000 gross tons and carry around 4,700 passengers, placing them among the larger vessels in the Princess fleet.
Cruise Shipbuilding Keeps European Yards Busy to mid-2030s
A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.Just how important the segment is to the industry and supply chain may be gauged from the fact that at least three-quarters of the value of European yards’ commercial orderbooks is attributable to cruise vessel construction.
Fincantieri Wins First U.S. Navy LSM Contract, Advances 35-Ship Program
Fincantieri has secured its first contract under the U.S. Navy’s Medium Landing Ship (LSM) program, marking an early step in what could become a 35-vessel procurement central to future expeditionary operations.The $30 million award to Fincantieri Marine Group covers long-lead materials procurement and engineering work for the first four vessels. The contract enables the yard to begin early-stage industrial preparation, with construction expected to start in the fourth quarter of 2026.The LSM program is designed to support distributed maritime operations, a concept increasingly emphasized by the United States Navy and United States Marine Corps.
Sanctioned China-Linked Tanker Turns Back to Hormuz after Gulf Exit
The U.S.-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a U.S. blockade on vessels calling at Iranian ports.U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S. and Iran failed to reach a deal."During the first 24 hours, no ships made it past the U.S. blockade," the U.S. Central Command saidon X, adding that six vessels complied with directions from U.S. forces to turn around to re-enter an Iranian port.