AET Highlights March 2021

CEO’s Message

Recently I participated in the virtual Marine Money London conference to discuss the topic “Sustainability focus at the heart of the global reset” and shared how the global reset has further been accelerated by the so-called “Double Black Swan” event that is propelling the Environmental, Social, and Corporate Governance (ESG) momentum globally, including within the maritime industry. For us at AET, we continue to drive our purposeful sustainability agenda across our business whilst ensuring we run a financially sustainable business with a responsibility to our planet, our communities, and future generations.

AET remains committed to moving energy in a responsible, sustainable, and eco-efficient way and contributing towards a resilient maritime industry while reducing ours and our customers’ carbon footprint. Most recently, our VLCC fleet rejuvenation commitment continued with our investment in three more LNG dual-fuel vessels on time charter contracts awarded by a global energy major. These vessels are in addition to the two LNG dual-fuel VLCCs currently being constructed for time charter with another global energy major and they will be amongst the first of their class in the world when delivered from 2022.

Please continue to stay safe, healthy and connected.​

Best regards,
Capt. Rajalingam Subramaniam
AET President & CEO

 

Further rejuvenating our VLCC fleet

In March, AET and two other owners signed agreements with Shell for long-term charter of a total of 10 LNG dual-fuel VLCCs. “This latest addition of three LNG dual-fuel VLCCs to AET’s growing, eco-efficient fleet portfolio clearly demonstrates our continued commitment to cleaner shipping solutions that are economically viable, and our aspiration to reduce our carbon footprint in alignment with the IMO greenhouse gas (GHG) strategy”, said our President & CEO, Capt. Rajalingam Subramaniam.

AET is already building two LNG dual-fuel VLCCs for another global energy major which will be amongst the first of their class in the world when delivered from 2022. These innovative solutions further reinforce that the environmental agenda and commercial viability can co-exist in the pursuit of sustainable shipping.

According to Clarksons Singapore, as of January 2021, there are currently over 600 LNG fuel capable vessels globally and this serves as further evidence of shipowners responding to customer calls to choose the cleanest technologies available today.

Our continued efforts to crew support during the pandemic

As part of AET’s global efforts to bring our seafarers back home safely, the Apostleship of the Sea of the United States (AOS-USA) via the Port Arthur Seafarer’s Center recognised AET with The Maritime Samaritan Award for the extraordinary efforts that we have made to repatriate crews safely during the pandemic in the Western Gulf of Mexico.

Ron Wood, Global Director, Mid-Size Tankers said, “A very special thank you to all our external and internal stakeholders who contributed to this recognition which is one example of the relentless efforts we have taken across AET and the MISC Group to bring our seafarers home despite the pandemic. We will continue to do what is right to facilitate crew changes in the best possible way and we are proud to be a signatory of the Neptune Declaration.”

AET as part of the MISC Group, joined over 300 companies and organisations in our shared responsibility to resolve the crew change crisis caused by the COVID-19 pandemic.

The Neptune Declaration on Seafarer Wellbeing and Crew Change defines four main actions to facilitate crew changes and keep global supply chains functioning.

Delivering on our ESG goals

We are pleased to share that our COVID-19 CSR donation of in total US$600,000 to national/local charities’ food programmes has funded over two million meals for COVID-19 impacted vulnerable community members. In partnership with charities in Singapore, United States, Brazil, United Kingdom, India and the Philippines, these communities have either received support through cooked meals or food packs. This donation has been part of our commitment to give back to the local communities in which we live, work and play – with the aim to contribute to longer-term, sustainable improvements in these communities.

Another AET milestone has been the extension of the ISO 9001 (2015) certification to our office in Rio. Our offices in Singapore, Kuala Lumpur,Houston and London have been certified since 2018. Amit Pal, our Global Director of DPST, said “This is a significant milestone for us as we have achieved validation that our quality management system remains effective and applicable to our business as we continue to expand our presence in Latin America. Our journey does not end here as we continue to pursue excellence in all that we do through continuously reviewing, re-assessing and improving our business processes.”

Our Galveston Services Facility has been upgraded

​As the Centre of Excellence of all lightering support activities for AET’s global Ship-to-Ship operations and the home base to AET’s fleet of Lightering Support Vessels, AET Offshore Services Facility in Galveston, Texas needs to be always 100% shipshape to maintain a safe working environment besides providing essential services in this high traffic area.

Understanding and emphasising that reliable structural support is a key driver to ensuring the safety for our people and operations, the facility’s renewal project began in 2018 and was completed at the end of 2020.

On congratulating and thanking the project team and contractors for the successful completion of the project ahead of time and under budget, Joe Couillard, Head of AET Offshore Operations said, “We are all very proud of our new dock which will help us to continue to provide safe and high-quality maritime services to our customers.”

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