AET, Singfar seal charter deal for two LNG-powered Aframaxes

AET, a unit of Malaysia’s MISC, and Singapore-based shipowner Singfar have signed a long-term charter deal for two LNG dual-fuel Aframax tankers.

Singapore-based AET said on Wednesday that the deal is part of its fleet rejuvenation efforts.

“By adding these two eco-efficient vessels on long-term charter to our fleet from end 2027, they will bring AET closer towards our 2030 target of 40 percent GHG emissions reduction (from 2008 baseline) and the MISC Group’s ambition of net-zero by 2050,” AET’s president and CEO, Zahid Osman, said.

AET did not provide any additional information regarding the charter deal or the vessels.

According to the images posted by the firm, China’s New Times Shipyard will build these two LNG-powered crude tankers.

There were recent reports by brokers on Singfar ordering two LNG dual-fuel Aframax tankers for delivery in 2027.

AET already has LNG-powered vessels in its fleet and in January it held a naming ceremony for the LNG dual-fuel very large crude carrier, Eagle Veracruz.

This is the third and final LNG-powered VLCC AET chartered to a unit of LNG giant Shell.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

Maersk orders 20 LNG-powered containerships in China and South Korea

Maersk confirmed the orders in a statement on Monday saying the vessels have a capacity of 300,000 teu. With these...

NTS delivers MSC’s LNG-powered containership

China’s New Times Shipbuilding has delivered MSC's LNG dual-fuel containership, MSC Ivory Coast. NTS hosted the naming and delivery ceremony...

Germany’s Hapag-Lloyd orders 24 LNG-powered containerships in China

Of these, Yangzijiang Shipbuilding will build 12 vessels each with a capacity of 16,800 teu, according to a statement...

GTT bags services contract from Maran Tankers for LNG-powered vessels

Last year, Maran Tankers ordered eight LNG dual-fuel vessels at China's New Times. Although the future Suezmax vessels will not...