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AET takes delivery of LNG dual-fuel VLCC for Shell

Photo: AET AET Eagle Vellore Naming Ceremony 28 August 2023.jpg
AET has taken delivery of the first of three LNG dual-fuel VLCCs for long-term charter to Shell.

The 300,000 dwt, Malaysian-flagged, Eagle Vellore, was named at MMHE shipyard in Johor, Malaysia on Monday. The vessel was built at Hanwha Ocean and classed by Lloyd’s Register.

The Eagle Vellore is on long-term charter to Shell Tankers (Singapore) and is the first of three tankers from an agreement signed in March 2021.

Stacie Pitt, Senior Vice President for Crude Trading at Shell, said: “The delivery of the Eagle Vellore is an important addition to Shell’s fleet of crude tankers. Fleet composition is an essential lever to tackle the decarbonisation challenge, requiring increased investment in dual-fuel capable vessels and efficiency measures. LNG benefits from mature technology and a growing bunkering network which have helped cement its position as the leading alternative fuel today, with bio and synthetic LNG offering a long-term pathway to decarbonisation.”

By the end of this year over half of Shell’s tanker fleet will be LNG dual-fuel. The energy company said it would continue to invest in LNG as well as other zero-carbon alternative fuels.

The vessel will be managed by Eaglestar the ship management arm of MISC, which Is also the parent company of AET. AET has been a pioneer in large dual-fuelled tankers.

“Adding another LNG dual-fuel VLCC to our fleet and our ongoing development of zero-emission vessels is consistent with our commitment to deliver more energy with less emissions, supporting customer demand and the world’s need for energy security,” said Zahid Osman, President & CEO of AET.

AET Eagle Vellore.jpg