Supporting the “Call to Action for Shipping Decarbonisation” as a member of the MISC Group, we firmly believe that everyone in the maritime ecosystem needs to act now as we can’t wait longer. Driven by our people, we have been partnering over the past few years with like-minded industry players working together towards a common goal contributing to a sustainable and decarbonised global trade network.
Collaboration and action were also topics at the International Chamber of Shipping Conference@COP26 “Shaping the Future of Shipping” which AET supported as a Bronze Sponsor. The conference addressed key strategic issues in shipping’s rapidly evolving decarbonisation journey and the industry’s efforts to deliver a sustainable and equitable future for the industry.
To underscore AET’s commitment, we now operate in our fleet 11 dual-fuel vessels – three Aframaxes in the Atlantic and one in the Pacific plus two Dynamic Positioning Shuttle Tankers in the North and Barents Seas with five dual-fuel VLCCs at newbuilding stage to be delivered in 2022 and 2023.
As a firm believer in LNG as a longer-term transitional fuel, we have also been looking for methane abatement technologies. Therefore, I am very pleased to share that AET recently made an investment into Daphne Technology, a climate tech start-up, to support the development and deployment of technology to transition the maritime sector to net-zero.
Enjoy reading this November edition of AET Highlights, stay safe and healthy!
Capt. Rajalingam Subramaniam
AET President & CEO
AET President & CEO, Capt. Rajalingam Subramaniam stated: “AET is very pleased to be one of Daphne Technology’s strategic investors and support the development and deployment of technology to transition the maritime sector to net-zero. This investment marks our entry into R&D for GHG abatement technologies aligned with our ongoing decarbonisation initiative and is made alongside other leading like-minded energy players and strategic partners.
As a believer in LNG as a longer-term solution in maritime decarbonisation, we have been looking for technologies to reduce the methane slip and improve the “tank to wake” decarbonisation environment. Therefore, aside from being an investor, we will also deploy and test the technology across our vessels which utilise LNG as a fuel source.”
Read the full release here.
As part of our purposeful sustainability agenda, we progressively expand on our social contributions.
This year, we extended our support to two MaritimeOne scholars through the Singapore Maritime Foundation for the future growth of the maritime industry. Last year’s scholarship recipient has also recently completed her internship with AET.
Felix Hong commented: “Very happy for being one of two 2021 AET-MaritimeONE scholarship recipients and thankful for AET’s support with our 3-year Maritime Business Diploma at the Singapore Maritime Academy.”
Siti Alyssa Azmi added: “We also very much look forward to the six-month internship with AET as part of their support and excited to learn more about international shipping.”
Congratulations and welcome to the AET family, Felix and Alyssa!
On 9 October 2021, we completed our first ever LNG bunkering in the US, working in coordination with Shell to refuel the LNG dual-fuel Aframax tanker Pacific Ruby outside Port Canaveral in Florida.
The transfer of marine LNG onto the petroleum tanker from the Q-LNG 4000 bunker barge was safely and successfully completed within three hours.
“We are very pleased that Shell provides LNG fuelling along this important transatlantic trade route. AET’s investments in dual-fuel solutions underscores our commitment to reduce the carbon footprint of shipping using the best fuel solution immediately available in the market today. At the same time, we are working together with our business partners on longer-term solutions for decarbonisation which sees multiple pathways from which we will select the most effective long-term solution for zero carbon vessels”, said our Global Director of Mid-Size Tankers Crude Shipping, Capt. Ron Wood.
Read the full release here.
We are pleased to announce that our ISO 9001 certification has been successfully renewed for the next three years and our ISO 37001 certification has been maintained. In September 2021, we completed our annual external audits for ISO 9001 and ISO 37001 with regards to our Quality Management System (QMS) and Anti-Bribery Management System (ABMS) respectively.
These certifications ensure our QMS and ABMS remain adequately and effectively implemented. Our offices in Singapore, Houston, Rio de Janeiro, London and Kuala Lumpur are ISO 9001 certified while our offices in Singapore, Houston, Rio de Janeiro, London and Stavanger are ISO 37001 certified.
With governance being one of the Environment, Social, Governance (ESG) pillars, these ISO certificates renewal are an important enhancement of our broader commitment to our governance standards overall.