AET

Through long-term partnership arrangements we move crude oil in our fleet of Very Large Crude Carriers (VLCC) and aframax tankers for many of the world’s oil-majors and trading houses.

AET’s double-hulled VLCC fleet is managed from London and is mostly engaged in the Atlantic trades, as well as longer haul trips to the US West Coast. There are currently 12 vessels in this fleet with an average age of less than five years. Growing VLCC capability is a priority and we are on target to achieve a 25-strong fleet within the next five years.

The fleet of aframax vessels forms the core of AET’s crude oil activities. All double-hulled and with an average age of around 8 years, these workhorses of the tanker industry transport crude oil in Europe, Asia and the Americas. This fleet and its global footprint will continue to grow, to provide increased connectivity between geographic regions and between our VLCC operations and our lightering activities.

AET vessels are employed for customers on long-term period charters, shorter voyage charters or on extended contracts of affreightment (COAs). The dedicated chartering teams in London, Singapore and Houston work alongside our customers to ensure we deliver the best possible solutions.