AET and SHELL sign DPST contract

August 20, 2018

AET and SHELL sign DPST contract

AET and SHELL sign DPST contract

It is our pleasure to announce that AET has  formally agreed its first contract with SHELL to time charter one new-build dynamic positioning (IMO Class 2) shuttle tanker (DPST) in Brazil.

Our AET President & CEO Capt. Rajalingam Subramaniam said:

“Shell has chosen to use our shipping services for many years and we were happy when the company opted to charter our two newbuild LNG dual-fuelled Aframax vessels on long-term charter earlier this year. But this is the first time we’ve contracted with Shell to build and operate a dynamic positioning shuttle tanker. I would like to thank Shell for their confidence in and continuing support to AET. My team and I are proud of this DPST contract award. We have a solid plan to build upon our successes in this portfolio supported with good Heath, Security and Environment (HSE) standards and operational excellence which will be the cornerstone of our sustainability journey. It is also a further manifestation of our drive to consistently provide better energy-related maritime solutions and services for our global customers.”

Click here for the full press release.