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AET backs LNG fuel

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Hydrocarbon Engineering,

AET has announced that up to four of its new Aframax tankers currently under construction with Samsung Heavy Industries Co Ltd (SHI) will be equipped with the LNG dual fuel option.

AET, a wholly owned subsidiary of MISC Berhad, has been working on a Green Sustainable Agenda to control the emission of particulate matters (PM), sulphur oxides (SOx), nitrogen oxides (NOx) and carbon (CO2). This agenda is consistent with the MISC Group’s Vision and Mission, which calls for the Group “to consistently provide better energy related maritime solutions and services, care for the environment and operate responsibly”.

The 113 000 dwt vessels, due for delivery from 3Q18 onwards, will replace existing tonnage as part of an ongoing fleet renewal programme.

AET anticipates that up to half of its Aframax fleet and other petroleum assets will also adopt the LNG dual fuel option over the next few years.

Fitted with twin LNG tanks, the vessels will have the ability to trade on LNG fuel for about a month before refuelling and will likely operate in North America, Northwest Europe and Asia. The company is actively working with potential LNG suppliers to ensure reliability of the LNG bunker supply chain globally.

AET anticipates significant growth in the global fleet of LNG-fuelled vessels, having conducted its own LNG fuelling feasibility study since 2015, the results of which support the findings of industry participants and other experts.

Yee Yang Chien, Chairman, AET and President/Group CEO, MISC Berhad, said: “As an organisation, operating in a responsible manner and improving our environmental stewardship is key to the way business is managed at MISC. We have complete confidence that LNG will play a significant part in the marine fuels mix in the coming years, and we have been reviewing the feasibility of developing a dual fuel LNG fleet since 2015. MISC is a leading global transporter of LNG, with unparalleled experience in handling LNG cargoes and a complete understanding of the entire supply chain […] Our experience allows us to have confidence that the required infrastructure for LNG bunkering will develop at pace as we approach 2020 giving much more trading flexibility in the future.”

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