MISC petroleum tanker unit AET has sealed a long-term charter for its two newbuild LNG dual-fuelled Aframax tankers with Shell International Trading and Shipping Company.

ABB has won an order from Samsung Heavy Industries to equip two new shuttle tankers, to be built for AET and contracted to leading offshore operator Statoil, with a comprehensive scope of future-proof solutions expected to deliver better...

The Society Gas as a Marine Fuel (SGMF) believes that 2018 will be the “tipping year” for LNG as a fuel for ships.

Tanker owner AET expects to add an LNG dual fuel option to half its fleet in the coming years.

Malaysian oil and gas shipping firm MISC remains cautious on expansion despite the stabilising oil price and asset expansion will only be driven by secured long-term employment or contracts, local media reported.

Malaysian shipping company MISC is planning to better integrate its fleet management services with its Singapore-headquartered unit, AET Tanker by forming a separate Labuan-based company.

MISC managed a 10% rise in full year net profit for 2016, with the bottom line rising to MYR2.79bn ($627.3m) from MYR2.54bn previously even as revenue fell to MYR9.60bn from MYR10.91bn in the previous corresponding period.

AET Inc., subsidiary of MISC Berhad, has paid $59.29m to acquire a remaining 50% stake in Paramount Tankers Corp from Golden Energy Tankers Holdings Corp.

Malaysian shipowner AET has signed an agreement to acquire the remaining 50% stake in Paramount Tankers that it jointly owns with Golden Energy Tanker Holdings, the tanker arm of Greece’s Restis Group.

MISC is merging its chemical carrier fleet with the product fleet of its tanker arm AET.