AET Highlights January 2022

CEO’s Message

I hope that you, your family, and colleagues had a great start to 2022.

The acceleration of the energy transition especially driven by climate change will continue and in 2022 we must see further decarbonisation actions to improve sustainability. For AET, we’ve made significant technology investments and teamed up with like-minded partners since 2016 to move energy in an increasingly responsible and eco-efficient way which will see us taking delivery of another seven fuel-efficient vessels in 2022 as we already welcomed Eagle Campos to our fleet in early January.

In addition to the environmental focus, we’ve expanded our social contribution to support the underprivileged while strengthening our governance to contribute to the 11 identified UN Sustainability Development Goals. You can read more about our Sustainability Strategy 2021-2025 on our website.

We will continue to strengthen our collaboration with our customers, partners, and all stakeholders in 2022 and beyond as we seize opportunities to operate in the most sustainable way for a better world!

Enjoy reading this latest issue of AET Highlights!

Stay safe, healthy, and connected.

Best regards,
Capt. Rajalingam Subramaniam
AET President & CEO


AET takes delivery of first of three DP2 shuttle tankers series for Shell charter

On 5 January, we took delivery of Eagle Campos, the first of three Suezmax Dynamic Positioning (DP2) Shuttle Tankers purpose built for long-term charter to Shell.

Capt. Amit Pal, Global Director, DPST said: “The delivery of Eagle Campos is another milestone in our growing partnership with Shell globally including in Brazil. Constructing, fulfilling the stringent tests, and delivering Eagle Campos safely during an ongoing pandemic is a huge achievement and evidence to the persevered dedication of all parties involved. My sincere thanks to everyone from Shell, Hyundai Heavy Industries Co., Ltd, DNV, Eaglestar and AET for this remarkable collaboration and safe execution. This accomplishment showcases the unity across the industry to deliver innovative solutions which contribute to a brighter future and create a sustainable global trade network”.

For AET, this latest vessel delivery further fortifies our position as a leading owner and operator of 12 of these highly specialised DP shuttle tankers globally with eight vessels currently operating in the Brazilian Basin (including Eagle Campos). We have another five DP2 shuttle tankers under construction to be delivered in 2022, which will bring our global DPST fleet to 17, with 13 operating offshore Brazil.

Click here to read the full release.

Collaborating with Matsentralen Rogaland, Norway to help the underprivileged

We continued our support for communities impacted by the ongoing pandemic with our 2021 COVID-19 donations partnering again with local charities’ food programmes in Singapore, Brazil, India, Philippines, the UK, the USA and also now in Norway.

In Norway, Matsentralen Rogaland, the local foodbank is not far from our office in Stavanger and with our donation, around 34,000 underprivileged will receive a meal either cooked or through delivered food packs. In 2021, the foodbank redistributed and delivered 619 tonnes of surplus food for meals for impacted community members across 23 municipalities in Rogaland while at the same time helping to reduce food waste.

AET is mindful of the difficulties faced by the underprivileged community across the globe due to the ongoing pandemic and we are committed to do our part to give back to our society to “build a better world”.

Actioning decarbonisation to future-proof shipping

Our Global Director for Corporate Strategy & Planning, Johan Munir participated this week in the DNV Live from Singapore Webinar Series where he discussed with the DNV and BHP panel members on “Future-proofing shipping: The decarbonisation game-changer” and the impact of global transformation on the maritime industry.

During the panel, Johan shared that the shipping industry has made some progress to create awareness on the decarbonisation issue as compared to when AET first pioneered dual-fuel solutions in 2017 and we did not stop there. He urged everyone in the industry to build on the current momentum in the market and to collaborate as everyone needs to contribute to address the sustainability and decarbonisation challenges.

Supporting communities and making a positive difference

Across our offices, our colleagues have also been involved in making a positive difference to communities where we have a presence.

Our US staff raised funds and gift-wrapped 56 shoeboxes for the seafarers to continue to contribute to the annual Houston International Seafarers Center (HISC) shoebox campaign. HISC distributes the shoeboxes filled with essential items as gifts for visiting seafarers who are away from their families during the holidays season.

In Singapore, our staff raised funds to purchase fresh food, fruits and hygiene necessities for 40 children and their families from the Singapore Children’s Society. Our colleagues wrote festive notes to cheer and inspire the children which were included in each year-end pack.

While colleagues in London gathered for the office’s International Lunch and Quiz raising funds for Children in Need, whose vision is that every child in the UK has a childhood which is ‘Safe, Happy and Secure’.

Giving back to society is part of our commitment to “build a better world”.