As we continue to drive and act on our decarbonisation commitment to address climate change, I am very pleased to share that we signed a Memorandum of Understanding (MOU) with PTT for the development and construction of two zero-emission Aframaxes. The tankers can be powered by green ammonia once delivered on long-term charter to PTT in late 2025/early 2026, as both partners believe green ammonia is a main fuel for the future. This is AET’s second MOU for green ammonia zero-emission vessels following the signing with Samsung Heavy Industries for two zero-emission VLCCs in April 2022 under the Castor Initiative.
This latest milestone also aligns with the 2022 World Maritime Day theme on “New technologies for greener shipping”. As a member of the MISC Group, we firmly believe in the promotion of inclusive innovation and uptake of new technologies to support the needs for a greener transition of the maritime sector contributing to a sustainable and decarbonised global trade network.
Another important aspect of sustainable shipping and a part of our ESG agenda is the ongoing training and development of our employees, sharing our best practices and experiences at industry forums as well as supporting future talent through our scholarship and internship programmes.
I would like to take the opportunity to thank all customers and stakeholders for your ongoing support and our collaboration. Enjoy reading more about our recent initiatives and Happy World Maritime Day!
Best regards,
Capt. Rajalingam Subramaniam
AET President & CEO and MISC Group COO
Our collaboration with PTT also goes beyond these first two net-zero green ammonia powered Aframaxes. As like-minded partners, this MOU provides an avenue to work together on the design, safety and operational aspects as well as reskilling of mariners as part of the deliverables prior to the potential investment in this innovative project to meet the 2050 environmental agenda earlier than later. Providing the much-needed boost to create a green ammonia corridor in Southeast Asia would be another desired outcome of this MOU.
For us, this collaboration with PTT will be complementary to the Castor Initiative, a multinational coalition championed by MISC and its Castor partners committed to make zero-emission in shipping a reality.
With these latest net-zero vessels, AET is contributing further to the development of sustainability shipping to meeting the IMO’s 2030 Greenhouse Gas (GHG) intensity reduction agenda and our commitment across the MISC Group to net-zero GHG emissions by 2050.”
Click here to read the full release.
Continuing our support for The Felix Project, our colleagues volunteered at the warehouse in Poplar, London. The Felix Project is a London-based food redistribution charity set up to help tackle food waste and hunger. At the warehouse, our colleagues sorted and managed donated food, which was later distributed to Londoners in need of food.
“Volunteering with The Felix Project to get the surplus food collected from supermarkets ready for delivery to the charities helping those who are in desperate need, was hard work but extremely fulfilling,” said Anna Gryce from Legal and Corporate Secretariat.
AET remains strongly committed to supporting the underprivileged and giving back to society to build a better world.
AET is a ship-to-ship (STS) market leader in the US Gulf, Brazil and Uruguay and have completed more than 14,500 STS transfers. We conduct STS lightering operations including reverse lightering in varying weather conditions from the summer calms normally in the Gulf of Mexico to the more challenging conditions off the coast of Uruguay or Brazil. These highly specialized operations are carried out around the clock, in darkness as well as daylight.
AET was one of the sponsors of the inaugural ship-to-ship (STS) Operations Seminar recently held by the Brazilian Navy. The event aimed at improving existing procedures while promoting greater synergies brought together more than 290 representatives from various functions involved in STS operations in Brazil.
John Votaw and Vladimir Pinto, our Lightering Operations Managers presented on AET’s expertise in delivering safe, responsible and high-quality specialised STS operations in Brazilian waters and other key geographies. They also shared AET’s collaborations with like-minded industry partners that further contribute to the development of the maritime industry in Brazil and around the world.
As part of our purposeful sustainability agenda, we progressively expand on our social contributions for the future growth of the maritime industry. Committed to nurturing future leaders, AET is sponsoring two more students who received the AET-MaritimeOne scholarship at the recent MaritimeOne scholarship Award Ceremony in Singapore.
Our scholarship recipients Nyan Lin Htet and Siti Aisha Ismail are part of 66 recipients under Singapore Maritime Foundation this year. For the third year, AET is supporting students for the 3-year Diploma in Maritime Business programme at Singapore Maritime Academy – Singapore Polytechnic.
Across the Atlantic, we have awarded 10 scholarships in partnership with the Texas A&M Foundation at the Texas A&M University Galveston Campus. The university is home to the Texas A&M Maritime Academy — a highly specialised maritime training and education programme. It is also one of seven maritime academies in the United States. Our scholarship initiative supports undergraduate students majoring in Maritime Transportation for their bachelor’s degree programme, aspiring to become deck officers. By awarding scholarships, we aim to empower students with skills to become valuable members of the global maritime sector.
Congratulations and welcome all scholarship recipients to the AET family!
