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Saturday, August 18, 2018

Aet News

MISC Unit Buys 4 Tankers

MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each, according to a report in the Malaysia Star.  The Suezmax tankers, to be built at Samsung Geoje shipyard, will become AET’s first owned Suezmax class vessels. (SOURCE: Malaysia Star)

Tankship Eagle Turin: Photo credit Lisnave

Milestone Tankship Refit at Portugal's Lisnave Shipyard

The 107,123 dwt 'Eagle Turin', owned by AET is the 100th tankship refit project to be handled at Lisnave. This milestone in today’s highly competitive ship refit market, has been achieved over a period of 15 years, it being the second time that this particular tanker has visited Lisnave for general refits. The first tanker refit project from AET was received by Lisnave during 1998 – the 102,352 dwt Eagle Auriga arriving in March of that year. At that time the attending superintendent from AET was Mr. Aw Chin Meng who, on average, has been once a year since 1998.

AET Tankship: Photo credit AET Tanker Holdings

Eco-design VLCC Delivered to AET

AET takes delivery of a second 'eco-design' VLCC that is fully compliant with the IMO Ballast Water Management Convention. Named Eagle Varna, this 320,000dwt vessel is fitted with a range of innovative technology that significantly reduces its fuel consumption and associated emissions. In addition, the new vessel is fitted with the Techcross BWM system that disinfects ballast water using electrolysis technology. Enviro innovations include a pre-swirl stator, rudder bulb and propeller boss cap fins. Taken together, these additions produce a tangible reduction in overall fuel use.

Teekay Tankers Announces New CEO

Teekay Tankers Ltd. announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014. Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he is currently head of the global marine business unit for this industry-leading downstream company. In this role, he is responsible for all aspects of marine transportation, including chartering, operations, demurrage, strategy & freight trading, business improvement and marine risk management.

khamis juma buamim - chairman - drydocks world and maritime world

Drydocks World Chief in Top 50 Maritime Greats' List

Khamis Juma Buamim, Chairman Drydocks World & Maritime world has been recognized by Tanker Shipping & Trade as being among the top 50 most influential people in the tanker industry worldwide & is one of only 4 Chairmen globally to be so recognized. The publications annual survey profiles 50 of the sectors most influential leaders whose range of achievements is broad, covering most, if not all facets of the industry. What is not in doubt is that all those profiled represent outstanding examples of leadership…

Justin Murphy (Photo: IBIA)

Murphy Takes Up Role as Chief Executive of IBIA

The International Bunker Industry Association (IBIA) has introduced its new Chief Executive, Justin Murphy, who akes up his new position from February 13, 2017. From 2013 to 2015, Murphy was CEO of Brightoil Shipping, Singapore and Executive Director at HKSE listed Brightoil Petroleum (Holdings) Ltd, an Energy conglomerate with bunkering and ship owning divisions. Prior to that, Murphy held director and board positions at several firms involved in shipping, including Teekay, AET, and a stint as head of shipping at Macquarie Bank.

Inert Gas System Units: Photo credit Wärtsilä

Wärtsilä to Supply FSU, Shuttle Tanker, Inert Gas Systems

Wärtsilä is to supply inert gas systems for a Floating Storage Unit (FSU) on Norway's Heidrun offshore oil & gas field, and for two supporting shuttle tankers. The FSU is owned by Statoil, the Norwegian state owned energy company, and the tankers by AET Tanker Holdings, the Singapore based petroleum transportation company. All three vessels are being built by Samsung Heavy Industries (SHI) in South Korea. The Wärtsilä contract with SHI was signed in February 2013. Delivery of the Wärtsilä equipment is scheduled for October, 2013.

ABS Elects New Council and Committee Members

At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property and preserving the natural environment. "ABS' strength as a global classification society is drawn from its membership and the many regional, national and technical committees that contribute to the process of developing practical, impartial and authoritative standards," said ABS Chairman Robert D.

FSL Trust Appoints New CFO

The Board of FSL Trust Management Pte Ltd has announced the appointment of Philip Tan Eng Lay as the company’s Chief Financial Officer, effective July 1, 2014. Philip most recently served as Regional Head of Finance at AET Tankers Pte Ltd. Previously, he held various executive positions including Finance Director for Asia region at World Fuel Services, a Fortune 500 company. Prior to this, he served as Managing Director and Regional Financial Controller in Asia at Celanese Pte Ltd and as Director of Finance & Administration for Asia region for Kemet Electronics Asia Pacific (S) Pte Ltd.

New Media Simulator Brings Maritime Exercises to Life

Baltic Exchange based global crisis communications company, Navigate Response, has launched a social and mainstream media simulator to improve the realism of shipping industry exercises and enhance companies' crisis response preparations. The online platform, Triton, replicates media and social media activity to test response plans and create a sense of urgent realism for any exercise. The platform has already been used for a major simulated UK shipping incident involving over 40 companies and organizations.

Eagle Kuching. Vessel Type: Aframax. By AET

MISC may Sell AET Tanker Holdings

MISC Bhd  is selling AET Tanker Holdings Sdn Bhd, which owns a fleet of 74 crude oil and product tankers, to US-listed Teekay Tankers Ltd, reports local media. AET is a wholly-owned subsidiary of Malaysia's MISC Bhd. and a major global shipowner and operator with a fleet of around 80 tankers including 13 VLCCs, 48 Aframaxes and four Suezmaxes. MISC is a subsidiary of Malaysian energy conglomerate Petronas. “MISC is not in a position to comment on Teekay’s business plans,” the…

Photo: AET

AET Buys Paramount Tankers

American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary. AET will acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers, a joint venture between the two companies that owns and operates six aframax vessels. AET did not disclose the value of the deal, which is expected to be completed by September this year. AET President & CEO…

image Eagle-Virginia Photo AET

AET Buys All of Paramount Tankers

AET will purchase the remaining 50% of Paramount Tankers that it currently jointly own (under a 50/50 joint venture agreement) with Golden Energy Tanker Holdings. Paramount Tankers is a JV which owns and operates six Aframax vessels. Commercial management is delivered by AET and technical management is provided by Enterprises Shipping and Trading SA. AET President & CEO, Captain Rajalingam Subramaniam, says,“We are continually looking for opportunities to ensure sustainable growth in our business and to own / operate modern tonnage which serves our customer needs globally.

The shuttle tanker Eagle Barents currently on charter for Statoil from AET. (Photo: Statoil)

Statoil, AET Expand Shuttle Tankers Contract

Statoil ASA and petroleum and chemical tanker owners and operator AET are extending their partnership in the North Sea shuttle tanker sector. Statoil has, awarded a long-term contract to AET, a subsidiary of Malaysian energy shipping group, MISC Berhad, to operate two specialist DP2 offshore loading shuttle tankers (OLSTs) on long-term charter. These new vessels will be in addition to the two AET DP2 ships currently on charter, in the same area, for Statoil. These new vessels are in addition to the two AET DP2 ships currently on charter in the same area for Statoil.

Ali Bin Towaih, VP Business Development, Administration & Strategies of DDW with Hor Weng Yew, President & CEO of AET at the contract signing.

DDW Wins Groundbreaking GOM Conversion Contract

Drydocks World signed a Contract with Singapore based AET, a global leader in petroleum shipping, for two Tanker-to-Modular Capture Vessel (MCV) conversion projects. AET is converting these vessels as part of the Marine Well Containment Company’s (MWCC) well containment system. MWCC is a not-for-profit, stand-alone organization with 10 member companies ExxonMobil, Chevron, ConocoPhillips, Shell, BP, Apache Anadarko, BHP Billiton, Statoil and Hess. The conversion will be implemented at the Drydocks World – Dubai facility.

Antwerp roro terminal

Antwerp Ro/Ro Terminals Start with Paperless Export

ICO and AET, the two ro/ro terminals in the port of Antwerp, are now also connected to the e-Desk. The Antwerp Port Community System (APCS) introduced the e-Desk for containers already in 2012, and this year the successful collaboration has been extended to rolling stock. The port of Zeebrugge (ICO and WWL) started the e-Desk for ro/ro in February, and now the Antwerp terminals are following suit. All exports of new and second-hand vehicles and exports or transit of containers can now be declared electronically, so that paper declarations and accompanying documents are no longer necessary.

Photo: AET Tankers Pte Ltd

AET Adds Four Newly Built Tankers

Singapore-headquartered vessel owner AET Tankers - a subsidiary of Malaysia's MISC Berhad - has named and welcomed four newbuild tankers into its fleet in two separate ceremonies at South Korean shipyards. At Samsung Heavy Industries, Geoje, South Korea on Wednesday, 24 January, AET named two 113,400 dwt Aframax tankers “Eagle Barcelona” and “Eagle Brisbane”. Two 157,512 dwt Suezmax twins, “Eagle San Francisco” and “Eagle San Jose”, were named two days later on Friday, 26 January, at the Hyundai Heavy Industries shipyard in Ulsan, South Korea.

WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc., and Texas A&M University at Galveston. RSVP Deborah Lawson at 713 658 3905 or dlawson@frvf-law.com.

WISTA Houston, Luncheon for Adm Mary Landry

The members of the Houston Chapter of The Women’s International Shipping and Trading Association have invited the public to attend a luncheon for Rear Admiral Mary Landry Commander of the Eighth Coast Guard District on Tuesday, October 6, 2009, at 12:30 pm at the Sheraton Brookhollow (3000 North Loop West Fwy Houston, Texas 77092). This event is underwritten by AET Inc Limited as well as:BG Americas and Global LNG, Fowler Rodriguez Valdes-Fauli, SeaRiver Maritime Inc., and Texas A&M University at Galveston. RSVP Deborah Lawson at 713 658 3905 or dlawson@frvf-law.com.

ABS Adds to Membership

At the recent ABS Council meeting in N.Y., 40 prominent members of the shipping and offshore industries were elected as new members of the international classification society. The ABS Council also elected two new members to the society’s Technical Committee. “ABS governance is vested in a membership comprised of distinguished individuals drawn from the international shipping, shipbuilding and offshore industries, from academia, the insurance sector and other related disciplines,” said ABS Chairman and CEO Robert D. Somerville. Akimitsu Ashida, President, Mitsui O.S.K. Lines, Ltd. Noel L.

Unified Command Responds to Port Arthur Spill

At 12:17 a.m. Jan. 24, the Dixie Vengeance and two barges were separated from the Eagle Otome and moored on the east bank of the Sabine Neches Waterway. The Unified Command continues to respond to the spill, ensuring the safety of the public and minimizing environmental impact. Currently 11 skimmers are conducting operations and air monitoring is on-going. A collision between the towing vessel Dixie Vengeance with the two barges it was pushing, and the 807-ft tank ship Eagle Otome, resulted in damage to the Eagle Otome, which was loaded with crude oil.

Photo: AET Tankers Pte Ltd

Shell, AET Deal for LNG Aframaxes

Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products  AET Tankers and Shell International Trading and Shipping Company  formalised arrangements for the long-term charter of AET’s two newbuild liquefied natural gas (LNG) dual-fuelled Aframax tankers. AET’s two 113,000 dwt vessels are currently being built by Samsung Heavy Industries in South Korea and are due for delivery from Q3 of 2018. The arrangements will see Shell take both vessels on a long-term charter commencing in Q4 of this year.