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AET takes delivery of LNG dual-fuel VLCC for Shell

AET has taken delivery of the first of three LNG dual-fuel VLCCs for long-term charter to Shell.

Marcus Hand, Editor

August 28, 2023

1 Min Read
AET Eagle Vellore Naming Ceremony 28 August 2023
Photo: AET

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.

Related:AET appoints new chief from June

AET Eagle Vellore.jpg

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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