AET secures long-term DPST charter contracts with Shell

December 08 2019 Print This Article

AET has been awarded long term contracts for three Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs) by Brazil Shipping Limited (a Shell Group entity).

The company will own and operate these newbuilding Suezmax Class DPSTs for operations in international and Brazilian waters. The estimated contract value is USD245 million and the charter is expected to commence in 2022.

These long-term time charter contracts will further reinforce AETs position as one of the global market leaders in the niche Dynamic Positioning Shuttle Tankers market in addition to fortifying its position as amongst the world’s leading international petroleum shipping solutions providers