AET Highlights November 2020


CEO’s Message

It is with great pleasure that I welcome you to AET Highlights! This e-newsletter serves as a window into our latest business initiatives and Environmental, Social and Governance (ESG) developments, with insight into who we are, how we do business and interact with our community in today’s rapidly evolving energy landscape.

You will hear perspectives from across our diverse and global teams, on what it means for AET to deliver on our sustainability agenda across every aspect of our business. Bringing together highly experienced teams from different backgrounds ensures we understand and deliver on our customers’ expectations and effectively collaborate with industry stakeholders to drive innovation, creativity and our business performance affirming a sustainable and responsible AET for decades to come!

I hope you will enjoy reading this refreshed e-newsletter.

Best regards,
Capt. Rajalingam Subramaniam
AET President & CEO

 


Eco-efficient newbuilds further solidifying our shuttle tanker position
By: VLCC & Shuttle Tankers team

This year we have taken delivery of two of the world’s first and cleanest dynamic positioning shuttle tankers (DPST) ever built, Eagle Blane and Eagle Balder, which run on LNG and recovered oil vapours with an expected emission reduction of around 40%. Both are on long-term charter agreements operating in the North, Norwegian and Barents Seas. These two vessels together with our two LNG dual-fuel Aframaxes and two of the world’s first LNG dual-fuel VLCCs, which will be amongst the most environmentally friendly VLCCs with expected CO2 reduction of around 20%, when delivered in 2022, emphasise our commitment to eco-efficient newbuilds.

We are also growing our presence in Latin America with eco-efficient second generation DPSTs. Three of these vessels were already delivered this year and one more is expected later this month bringing our global DPST fleet to ten by year end with an additional seven in 2021-2022. Designed to meet our customers’ needs, these DP2 shuttle tankers operate to the highest operational and environmental standards, including full compliance with IMO NOx Tier 3 and SOx emission requirements and are more environmentally-friendly than current average DPST assets operating in the Brazilian basin.

As a pioneer in greener shipping, we continuously work with our customers and key stakeholders on innovative, maritime decarbonisation solutions. For AET, collaboration is the ultimate prerequisite not only among all shipping industry players but also with the wider energy network to support the transition to a decarbonised and renewable energy future in line with the Paris Agreement and IMO agenda.

New Central London office
By: London Team

Our UK team has just moved to our new regional office at The Gherkin. This new office location in the central district will allow us to be closer to many of our AET and MISC Group customers and key stakeholders. The move also highlights the continuous importance we place on Europe for our business.

We look forward to further strengthening and expanding our relationship with our customers and key stakeholders as we continue as a responsible tanker owner and operator to drive greener shipping with a collaborative, sustainability-focused industry approach.

With an office move during the pandemic, we have not only taken all necessary steps to ensure our service remains consistently the same during the move but put in place a number of proactive measures to protect the safety and health of our staff and all others involved.

We look forward to welcoming you at our new office once social distancing measures in London will allow and, in the meantime, please stay safe, healthy and connected.

Taken in compliance with UK Covid-19 regulations at the time*
Serving our communities as members of society

By: CSR global team

As a global company, we are committed to play a responsible role in creating and promoting a positive difference to communities. While we are global in nature, we 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.

This year in view of the pandemic, we focus on our global AET COVID-19 CSR donation campaign to support impacted vulnerable community members. AET has partnered with the Migrant Workers Centre (MWC) in Singapore, the Houston Foodbank and Galveston County Foodbank in the United States, the Philippine Business for Social Progress in the Philippines and the Akshaya Patra Foundation in India providing with our donation so far over 1 million individuals with either cooked or food packs for meals. Our campaign will continue with national/local charities’ food programmes in Brazil and the United Kingdom. In addition to the locations where we operate, we extended our support to India and the Philippines where there is an appreciable shipping industry sea faring presence.

We are also committed to enhance the education of the younger generation in the maritime industry through scholarship and internship programmes. For this year, over 15 students would have joined us as interns across our offices, as we believe in developing future leaders allowing them to apply the theoretical concepts learned in the classroom at our workplace.

We will continue to support graduates with short-term work placements, graduate and internship programmes across all our offices globally into 2021. We firmly believe in doing our part to support the younger generation during this challenging period.

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