Rajalingam News

Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and monetising Liquefied Carbon Dioxide (LCO2) carriers for Carbon Capture and Storage (CCS) projects in Malaysia. The parties have agreed in principle on the key commercial terms to allow progress to the next stage."Building on the February 2022…

AET delivered its newest vessel, the first of three Very Large Crude Carrier (VLCC) powered by dual-fuel liquefied natural gas (LNG) engines, on long-term charter to Shell Tankers (Singapore) Private Limited.The Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials. The naming of the 300,000 dwt tanker in Malaysia marks an important milestone for AET…

MISC Berhad announced the change of President & CEO and Chairman of AET effective June 1, 2023. Zahid Osman has been appointed as the President & CEO, succeeding Capt. Rajalingam Subramaniam. The current Chairman, Datuk Yee Yang Chien will step down as of 31st May 2023, and Capt. Rajalingam will take over as the Chairman of AET on June 1, 2023.Currently, Osman is the Vice President of Corporate Planning at MISC. Osman joined the organization in 2017 as Vice President of Gas Assets and Solutions prior to his current role. He possesses more than 20 years of experience in the energy industry.

Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co., Ltd. (SHI), and upon their delivery, the new LNG carriers will be on long-term charters to ExxonMobil’s wholly-owned subsidiary, SeaRiver Maritime LLC (SRM) and will be managed by Eaglestar Shipmanagenent (S) Pte.Ltd.“The delivery of Seri Damai and Seri Daya today…

Thai national energy company PTT and tanker operator AET have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia.Jointly, PTT and AET working to encourage the use of green ammonia as a main propulsion fuel. AET will select a suitable shipyard and the two zero-emission dual-fuel tankers are to be delivered to PTT for long-term charters in Q4 2025 and Q1 2026 respectively.Disathat Panyarachun…

Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020.The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries (SHI) Shipyard in Geoje, South Korea. Eagle Crato will be delivered to AET on Friday, and subsequently to Petrobras to commence her operations in the Brazilian Basin in a few weeks…

MISC Group’s President/Group Chief Executive Officer (CEO), YBhg. Datuk Yee Yang Chien announced his plan to retire effective September 30, 2022. Datuk Yee will turn the helm over to Captain Rajalingam Subramaniam, MISC’s Chief Operating Officer and AET’s President & CEO, who will assume the role of MISC Group’s President/Group CEO effective October 1, 2022.Datuk Yee said, “It has been a great honour for me to be given the responsibility to lead MISC Group back in 2015. It is more than a job or duty for me…

Tanker operator AET announced it has named its new dual-fuel very large crude carrier (VLCC) Eagle Valence.Named during a virtual ceremony at Samsung Heavy Industries (SHI) in Geoje, South Korea, the 300,000 dwt newbuild is the first of two liquefied natural gas (LNG) dual-fuel VLCCs being built for long-term charter to Chartering and Shipping Services SA, a wholly owned subsidiary of TotalEnergies SA, based on an agreement signed in April 2020.Eagle Valence’s sister vessel is currently under construction at SHI and is due to be delivered in the second quarter of this year.Capt.

Malaysian shipowner AET said it signed a deal with Total's Chartering and Shipping Services SA for the time charter of two liquefied natural gas (LNG) dual-fuel very large crude carriers (VLCC). The two newbuilds, which are able to carry about 300,000 tons of crude oil each, are scheduled to be delivered to AET from the first quarter of 2022.The two newbuilds will be powered by LNG and will be among the most environmentally friendly VLCCs in the market. When in service, they will emit around 20% less CO2 greenhouse gases than conventional vessels; 85% less NOx and 99% less SOx.

AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030, and halving CO2 emissions by 2050.These LNG Dual-Fuel DPSTs also emit 85% less SOx…

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico. The company’s fleet grew to 32 vessels (mainly Aframax tankers but also two VLCCs) by 2003, when acquired by MISC Berhad.

Petroleum and chemical tanker owner and operator  AET Tankers has named and welcomed its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu.According to a press release of the Singapore-based company, the ceremony for the vessels was held at the Samsung Heavy Industry Co Ltd’s (SHI) shipyard in Geoje, South Korea. Both vessels have been taken on long-term charterby Shell International Trading and Shipping Company Limited (Shell), primarily for operations in the Atlantic Basin, and will begin operating for the company from Q4 2018.Using LNG as a fuel eliminates sulphur (SOx) emissions by nearly 100 percent, nitrous oxide (NOx) emissions by 85 percent and particulate matter (PM) emissions by 98 percent…

Shuttle tanker owner AET, a wholly-owned subsidiary of  Malaysia's MISC Group, has won its first contract with Shell in Brazil to time charter one new-build dynamic positioning shuttle tanker (DPST).AET earlier this year sealed a long-term charter for two newbuild LNG-fuelled Aframax tankers with Shell that is set to begin in the fourth quarter of this year.AET President & CEO Capt. Rajalingam Subramaniam said: “Shell has chosen to use our shipping services for many years and we were happy when the company opted to charter our two newbuild LNG dual-fuelled Aframax vessels on long-term charter earlier this year. But this is the first time we’ve contracted with Shell to build and operate a dynamic positioning shuttle tanker.

Petroleum tanker owner and operator AET announced the extension of partnership in the DP2 shuttle tanker sector with Petróleo Brasileiro S.A.(Petrobras), the Brazilian multinational petroleum corporation. "Recently we were awarded a contract to own and operate four specialist DP2 Suezmax Shuttle Tankers on long-term charter by Petrobras. These new vessels will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras," said a press release from the company. The four 152,000 DWT DP2 shuttle tankers will be built by a Korean shipyard for delivery in 2020 and will be contracted to Petrobras for operations in international and Brazilian waters.

Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products  AET Tankers and Shell International Trading and Shipping Company  formalised arrangements for the long-term charter of AET’s two newbuild liquefied natural gas (LNG) dual-fuelled Aframax tankers. AET’s two 113,000 dwt vessels are currently being built by Samsung Heavy Industries in South Korea and are due for delivery from Q3 of 2018. The arrangements will see Shell take both vessels on a long-term charter commencing in Q4 of this year. When operating in gas mode, the two AET tankers will emit up to 30% less CO2, 85% less NOx, 99% less SOx and 95% less particular matters, making them among the cleanest Aframax tankers in the market.

Singapore-headquartered vessel owner AET Tankers - a subsidiary of Malaysia's MISC Berhad - has named and welcomed four newbuild tankers into its fleet in two separate ceremonies at South Korean shipyards. At Samsung Heavy Industries, Geoje, South Korea on Wednesday, 24 January, AET named two 113,400 dwt Aframax tankers “Eagle Barcelona” and “Eagle Brisbane”. Two 157,512 dwt Suezmax twins, “Eagle San Francisco” and “Eagle San Jose”, were named two days later on Friday, 26 January, at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. All four vessels will join the AET fleet as part of an ongoing fleet rejuvenation programme and take up charter agreements with leading oil companies.

AET has unveiled its two new long-range (LR2) petroleum tankers from Hyundai Heavy Industries (HHI) at HHI’s Gunsan Shipyard, Korea, on Thursday, 8 June 2017. The Singapore flagged 114,000dwt Eagle Lyon and French-flagged Eagle Le Havre, are owned by AET, and have been taken on long-term charter by French oil major TOTAL. The sister vessels were ceremonialised at a naming ceremony in Gunsan, which was graced by Yee Yang Chien, AET Chairman and President/Group CEO of MISC Berhad, and Capt. Rajalingam Subramanian, President & CEO of AET, along with senior representatives from TOTAL’s Trading and Shipping Division. The vessel was blessed by Godmother to the vessel, Mrs Helle Kristoffersen, Senior Vice-President, Strategy and Corporate Affairs Gas Renewables and Power Division, TOTAL.

AET will purchase the remaining 50% of Paramount Tankers that it currently jointly own (under a 50/50 joint venture agreement) with Golden Energy Tanker Holdings. Paramount Tankers is a JV which owns and operates six Aframax vessels. Commercial management is delivered by AET and technical management is provided by Enterprises Shipping and Trading SA. AET President & CEO, Captain Rajalingam Subramaniam, says,“We are continually looking for opportunities to ensure sustainable growth in our business and to own / operate modern tonnage which serves our customer needs globally. Acquiring the Paramount JV in its entirety allows us to own and operate all six vessels on our own. We are the commercial managers for the vessels and have commenced taking over the technical management.

American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary. AET will acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers, a joint venture between the two companies that owns and operates six aframax vessels. AET did not disclose the value of the deal, which is expected to be completed by September this year. AET President & CEO, Captain Rajalingam Subramaniam, says: “We are continually looking for opportunities to ensure sustainable growth in our business and to own / operate modern tonnage which serves our customer needs globally.

International energy logistics group MISC Berhad announced that it is to merge its chemical fleet with the clean petroleum products (CPP) fleet operated by its wholly owned petroleum subsidiary, AET. Under the new arrangement, AET will take over the 13 chemical vessels and one LPG tanker currently owned/operated by MISC and combine them with its own fleet of eight CPPs to create a new, single entity. Announcing the move, MISC President/Group CEO, Yee Yang Chien, said, “There are significant synergies to be gained from merging the two fleets and creating a consolidated products business. “The integration will also allow us to continue to expand our customer base and develop a range of long-term partnerships in the sector,” he added.

AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels. AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113,000 dwt Aframax vessels to be delivered in 2018. The shipper then signed an additional contract Wednesday with another Korean builder Hyundai Heavy Industries Co Ltd (HHI) for two 114,000 dwt LR2 product vessels and two 158,000 dwt Suezmax vessels for delivery in 2017.

Inmarsat wins contract with Malaysian shipping giant MISC to outfit 46 ships with XpressLink SatCom systems. The XpressLink solution from Inmarsat is a fully integrated and managed combination of VSAT and market-leading FleetBroadband(TM) delivering unlimited data availability across the world's oceans. It includes an option for MISC Berhad to double its available bandwidth at a pre-determined monthly rate when Inmarsat's Global Xpress(R) constellation becomes commercially available from 2014. Inmarsat XpressLink combines Inmarsat's high volume Ku-band VSAT system with the versatility of FleetBroadband in a single package. The integration…

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.