Shell welcomes AET’s LNG-powered VLCC to its chartered fleet

LNG giant Shell has taken delivery of the first of three LNG-powered very large crude carriers it has chartered from Malaysia’s AET, a unit of MISC.

Back in 2021, Shell signed deals to charter in total ten LNG-powered VLCCs from AET, Advantage Tankers, and International Seaways.

South Korea’s Hanwha Ocean, previously known as DSME, is building all of these vessels and recently delivered the first of three 300,000-dwt tankers to AET.

AET said in a statement on Monday that the Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard in Malaysia.

The LNG dual-fuel tanker now starts a seven-year charter deal with Shell Tankers (Singapore), a unit of Shell.

Eagle Vellore’s two sister vessels are currently under construction by Hanwha Ocean in Geoje, South Korea and due to be delivered later this year on long-term charter to Shell.

Also, MISC’s unit Eaglestar is the appointed ship manager of LR-classed Eagle Vellore and its two sister vessels.

Stacie Pitt, senior VP for crude trading at Shell, said in the statement that the delivery of the Eagle Vellore is an “important” addition to Shell’s fleet of crude tankers.

She said that fleet composition is an “essential lever” to tackle the decarbonization challenge, requiring increased investment in dual-fuel capable vessels and efficiency measures.

“LNG benefits from mature technology and a growing bunkering network which have helped cement its position as the leading alternative fuel today, with bio and synthetic LNG offering a long-term pathway to decarbonization,” Pitt said.

“While we continue to invest in LNG, with over half of Shell’s crude tanker fleet set to be dual-fuel LNG by the end of the year, we are also developing zero-emissions fuel options to support future decarbonization of the shipping sector,” she added.

Most Popular

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Australia’s Viva Energy gets OK for Geelong LNG import terminal

Australia’s Viva Energy has secured approval from the Victorian government for its proposed FSRU-based LNG import terminal in Geelong, Australia.

More News Like This

Shell shareholders re-elect CEO Wael Sawan

Wael Sawan will continue to lead London-based LNG giant Shell following shareholder voting at the company's annual general meeting on Tuesday.

Singapore’s FueLNG wraps up 400th STS bunkering operation

Singapore’s FueLNG, a joint venture consisting of Shell and Seatrium, has completed its 400th ship-to-ship (STS) LNG bunkering operation. FuelLNG delivered LNG to BYD Shenzen, which is said to be the world’s largest LNG-fueled car carrier.

Peru LNG terminal shipped three cargoes in April

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped three liquefied natural gas cargoes in April due to restrictions on the transportation system, according to operator Hunt Oil.

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.