AET Highlights September 2021

CEO’s Message

Honouring “Seafarers: at the core of shipping’s future” for the World Maritime Day this year, the maritime industry is highlighting seafarers’ central role in the future of shipping. Despite the disruptions caused by the ongoing pandemic, I am encouraged to witness how unified the maritime community is, speaking more openly and lending our voices to give the seafarers the recognition they deserve. I would like to take this opportunity to honour all our sea and shore staff for their hard work and dedication that have contributed to our continued business resilience during the ongoing pandemic.

While the circumstances surrounding the seafarers due to COVID-19 continue to be challenging, the accelerated rollout of vaccination programmes has provided much relief. Already 60% of our seafarers and 86% of our shore staff globally are fully vaccinated.

Separately, with the acceleration in decarbonisation and digitalisation, effective talent development and capability building programmes will remain a key strategic priority for AET. These programmes range from various leadership and training initiatives for our staff to internship programmes across our global offices. Our internship programme provides training for young interns, giving them the opportunity to learn more about international shipping and work in a variety of functions across our diverse and multi-cultural teams. We are committed to drive our purposeful sustainability agenda across our business with a responsibility to our planet, our communities and future generations.​

Enjoy our September edition of AET Highlights, stay safe and healthy!

Best regards,
Capt. Rajalingam Subramaniam
AET President & CEO

 

Delivering responsibly high-quality specialised STS lightering services
As a preferred solutions provider, we are the market leader in the US Gulf delivering a wide variety of ship-to-ship (STS) transfers with various-sized vessels not only in the US Gulf but also in Brazil and Uruguay and have completed more than 14,000 STS transfers. We conduct these STS lightering operations in varying weather conditions from the summer calms normally in the US Gulf to the more challenging conditions off the coast of Uruguay and Brazil.

Our AET Offshore Services Facility in Galveston, Texas is dedicated to lightering operations with our fleet of purpose-built lightering support vessels and our own fully employed Mooring Masters and their Assistants. They ensure consistently safe and high-quality operations while providing support to other facilities located at La Paloma in Uruguay and Santos in Brazil. To maximise service and operations standards, all STS transfers are conducted using the ISO Certified Safety Management System.

Click here to view our new video on STS lightering services.

Embracing new norms in our talent strategies

At AET, we remain committed to growing and developing our human capital, whose contributions are key to driving a sustainable future for AET and the maritime industry.

This month, our Global Director for Human Resource & Facilities Linda Murray joined the panel session at Sea Asia 2021 conference discussing “Staying Ahead in the Race for New Talent”. Linda commented that the pandemic has presented opportunities to attract new talents into the shipping sector with its growing focus on digitalisation, new technologies and decarbonisation making it a more vibrant and dynamic sector to work in.

Reskilling and developing existing talents will always be a key priority but tapping into the new generation and infusing talents from outside the sector will be as important. However, it requires a corporate culture and mindset shift for employers to embrace new norms, ways of working and flexible talent strategies. Meaning and purpose in work have become key criteria that talents consider in their employer’s selection and we witness that a one-size-fits-all approach to attraction and retention is no longer viable in the multi-generational workforce.

Linda shared that AET, to support our core and growth business, continuously embraces this changing environment by building on the rich diversity and multi-generations that we have in our workforce. We continue with our commitment to develop inclusive and global leadership capability contributing to a resilient maritime industry by offering an exciting career choice for existing and new talents.


Contributing to a resilient maritime industry

In a recent interview with Maritime CEO, our President & CEO, Capt. Rajalingam Subramaniam who has led the acceleration of AET’s energy transition programme, believes in acting now and not later to contribute to a resilient maritime industry.

Through the early adoption of dual-fuel solutions for some of our newbuilds and as part of the organisation’s newbuild programme, AET continues to further modernise our fleet with cleaner and greener solutions.

Capt. Raja commented that sharing of technology and data is necessary and good for everyone in the industry. True partnerships must be developed to ensure the benefits and synergies of decarbonisation and sustainability are realised across the global logistics network. Additional collaboration is also needed among the financiers to support better differentiators and incentives for ship owners to change behaviours and adopt solutions that are more Environmental, Social and Governance (ESG) orientated in all asset classes.

Underpinning the entire logistics network is the recruitment, retention and diversity of talent to meet future needs and ESG goals. Recognising they are a vital stakeholder, the industry needs to invest to attract and retain a talented workforce.

In 2020 and early 2021, seven eco-efficient DPSTs joined our fleet. We are expecting 11 vessels with deliveries between 2022 and 2023, all fixed on long-term contracts. With a holistic and purposeful adoption of our sustainability agenda across all ESG components, including financial sustainability, AET will grow our asset portfolio in a balanced manner as we continue to support the needs of the energy market and capitalise on energy transition opportunities.

Supporting the TCFD task force

As a member of the MISC Group, we are proud to declare our support for The Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). We have joined more than 2,000 organisations around the world in declaring our support for TCFD.

We recognise the need of enhancing transparency of climate-related risks and opportunities, supporting more informed financial decision-making, and establishing a resilient financial system across the public and private sectors.

This support demonstrates the MISC Group’s including our continuous commitment for a sustainable business model. We aim to be fully TCFD compliant by 2023.

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