In May, we launched our annual publication, AET Connects 2020/2021, that provides a comprehensive insight into our business, explains our strategy, operational and financial performance and achievements plus covers sustainability at AET.
With sustainability being a key topic not only for our industry but globally, members of my Executive Leadership Team and I also participated in several high-profile industry forums in April. We discussed with other experts on key global topics ranging from decarbonisation, lower carbon fuel choices and ESG including human development, as we all have the responsibility to act now and not later.
One major highlight in April was when AET was announced as the recipient of the SRS (“Singapore Registry of Ships”) Ship Owner of the Year Award at the Singapore International Maritime Awards ceremony. It was a rewarding moment for all of us. A big thank you goes to our team onshore and at sea for their perseverance and dedication particularly during these challenging times. I would also like to express our appreciation to all stakeholders of AET for their continued trust as this also played an important role for this recognition.
I hope you will enjoy reading AET Connects 2020/2021 and stay safe, healthy and connected!
Capt. Rajalingam Subramaniam
AET President & CEO
In case you haven’t seen it, we have published AET Connects 2020/2021, our annual publication, to reach out to our friends, customers, partners, colleagues and other stakeholders around the world to provide an update on our business.
In the face of an extraordinary challenging year globally and for many in the industry, we have chosen “Together We Keep Moving” as the theme of this year’s edition, highlighting the importance of teamwork and collaboration within AET but as importantly with all our stakeholders.
This year’s edition provides a comprehensive insight into our business, explains our new five-year strategy, captures our response to COVID-19 as well as financial performance and operational achievements in 2020 and early 2021. We also share insights on how we drive business excellence through our sustainability goals and Environment, Social and Governance (ESG) initiatives to create value for individuals, communities, and the environment.
Download a copy of AET Connects 2020/2021 on our website here.
Our senior executives shared AET’s views and position driven by our sustainability agenda and purpose driven ESG objectives on topical issues at various high-profile forums throughout the month of April. As part of Singapore Maritime Week, our President and CEO, Capt. Raja presented on Post Pandemic: New Directions and Strategies and joined an ESG panel discussion at the Singapore Shipping Forum. He encouraged the financiers to explore better differentiators and incentives for shipowners and operators to move into solutions that are more ESG-related.
Several of our Global Directors Johan Munir, Amit Pal and Peter Liew joined panel discussions at the Capital Link Decarbonisation in Shipping Forum, the Marine Insurance Asia Conference and the Total Marine LNG Forum respectively, discussing decarbonisation, LNG as fuel and ESG highlighting the responsibility of everyone in the industry to act now and not later.
We are delighted to be recognised with the prestigious SRS (“Singapore Registry of Ships”) Ship Owner of the Year Award. The award was presented at the Singapore International Maritime Awards (IMA) ceremony on 19 April 2021 as part of the Singapore Maritime Week, hosted by the Maritime and Port Authority of Singapore (MPA).
Acknowledged as an outstanding owner of quality Singapore registered ships which took account of fleet size, growth, operational excellence, and sustainable contribution to human capital development both ashore and at sea. There was also special emphasis on the winning ship owner been able to demonstrate resilience by adapting its business activities and operations even amidst the global pandemic challenges.
Receiving the Award on behalf of AET, our President & CEO, Capt. Raja thanked the MPA and the distinguished panel of judges for recognising AET and the work that we do as a team at sea and ashore.
Our uncompromising focus on safety excellence has ensured our risk management system and control measures are fully aligned with regulatory compliances and in the interest of our customers, employees, and other stakeholders. One example is AET Offshore and our Global Lightering Team who have recorded over five consecutive years without Lost Time Injury (LTI) while conducting over 3,800 lightering operations showcasing great teamwork and collaboration building on operational excellence and a strong safety culture.
In 2020 and early 2021, we have been recognised by the industry not only for our commitment to the safety and welfare of our crew but also for assisting those in distress at sea. These international accolades for outstanding HSSE culture for our vessels are:
Our operational excellence extends to our shore workplace. Throughout last year, with concerted efforts and proactive planning across our offices, we minimised disruptions and met customers’ objectives with vessel availability rate of above 99%. This was in addition to the successful, safe and timely delivery of seven eco-friendly DPSTs that cleared clients’ stringent acceptance tests at the height of the pandemic. HSSE is a shared responsibility, and our people are at the heart of these results with their dedication and commitment. We will continue to uphold our strong HSSE culture and be committed to raising standards of safety and best practices to deliver innovative energy shipping solutions.