AET Further Strengthens In DPST Market With Petrobras New Long-Term Charter Contracts

AET has been awarded long term time charter contracts for three (3) Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs) by Petróleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil (“Petrobras”).

The company will own and operate the newbuilding Suezmax DP2 Shuttle Tankers for operations in Brazilian international waters. The estimated contract value is USD525.6million and the charter is expected to commence in 2022.

These long-term time charter contracts will further reinforce AET’s position as one of the global market leaders in the niche Dynamic Positioning Shuttle Tankers market in addition to fortifying its position as amongst the world’s leading international petroleum shipping solutions providers.

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