Operations: Global owner-operator of a fleet of petroleum vessels providing high quality ocean transport solutions and lightering services for the world’s oil companies and trading houses.
Fleet: 13 VLCCs, four Suezmax, 54 Aframax, two DP Shuttle Tankers, one Panamax and five CPP tankers.
Newbuildings: Two VLCCs and two DP Shuttle Tankers are due to join the fleet in the period until 2015.
Lightering: A comprehensive lightering operation based in Galveston, Texas occupying the leading share of the US Gulf ship-to-ship transfer business. The first of four new pioneering lightering support vessels (LSV) was delivered in 2011, with the remaining three delivered in 2012.
People: Employer of approximately 2,900 seagoing personnel and nearly 400 shore-based staff. 575 AET cadets are currently training and around 150 join the company each year on a fully sponsored basis.
Financials: Group revenue (nine months ended 31 December 2011) of US$711.6 million with an asset base of approximately US$3.2 billion.
Presence: Headquartered in
Ownership: Wholly owned subsidiary of MISC Bhd, a leading global shipping and energy logistics company.
History: Founded as American Eagle Tankers by NOL in 1994. Acquired by MISC in 2003 and rebranded as AET in 2007.
Last updated on 1 June 2013.