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AET wins $525m charter contracts for three new suezmaxes from Petrobras

MISC announced that its wholly-owned subsidiary AET Tanker Holdings has clinched long term charter contracts for three newbuilding suezmax shuttle tankers from Brazil’s Petrobras.

AET will own and operate the newbuilding DP2 suezmax shuttle tankers for operations in Brazilian and international waters.

The estimated contract value is $525.6m and the charter is scheduled to start in 2022.

“It is certainly exciting to start 2020 with such great momentum,” said Yee Yang Chien, president and group ceo of MISC and chairman of AET.

“2020 will be a year of accelerated growth for the entire MISC Group as we continue to work towards developing a very healthy pipeline of prospective projects with stronger tailwind behind us,” he added.

MISC believes that the long term charter contracts will further reinforce AET’s market position in the niche DP shuttle tankers segment in addition to strengthening its position amongst leading international petroleum shipping solutions providers.

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