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: 12 VLCCs, four Suezmax, 50 Aframax, two DP Shuttle Tankers, one Panamax and five CPP tankers.
Newbuildings: One VLCC 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. Four new pioneering lightering support vessels (LSV) were delivered in 2011 and 2012. Completed 10,000th fully serviced lightering operation in the US Gulf in June 2013.
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 (twelve months ended 31 December 2012) of US$857.9 million with an asset base of approximately US$3.1 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 December 2013.