Shell Charters AET Tanker For Operations in Brazil

AET, The Tanker Owner, Secures Its First Contract With Shell. The Contract Is For The Chartering Of A Dynamic Positioning Tanker

The DWT DP2 vessel will be built by a Korean shipyard, with delivery expected in the fourth quarter of 2020, and although destined for Brazilian waters, the vessel will be able to operate globally. It will comply with IMO NOx Tier 3 requirements, built to the latest and highest technical standards and fitted with a ballast water treatment system.

Mark Quartermain, Vice President of Shell Trading and Supply Crude, stated that the addition of the new transport tanker to their operations in Brazil supports the company’s deep-water activities.

“This contract will provide more flexibility for our oil trading business as we seek to serve our global customers with the increasing offshore production from Brazil. We look forward to building our relationship with AET to support our trading operations,” he said.

Although this may be AET’s first charter for Shell, this is not the first time AET has received a contract to send its tankers to Brazilian territory.

AET in May of this year expanded its partnership in the DP2 shuttle tanker sector with Brazilian oil company Petrobras.

The contract to own and operate four DP2 Suezmax tankers specialized in long-term chartering was awarded by Petrobras. These new vessels will be in addition to the two AET DP2 vessels currently in operation chartered in the Brazil Basin for Petrobras.

The four 152,000 DWT DP2 tankers will be built by a Korean shipyard for delivery in 2020 and will be contracted by Petrobras for operations in international and Brazilian waters.

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