One of world’s first dual-fuel VLCCs unveiled in South Korea

AET, owner and operator of maritime transportation assets and specialized services, unveiled its latest vessel, one of the world’s first dual-fuel and amongst the most environmentally friendly VLCCs in the market. It is the first of two dual-fuel VLCCs 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.

The 300,000dwt tanker, Eagle Valence was unveiled at a virtual naming ceremony held at the Samsung Heavy Industries (SHI) Shipyard in Geoje, South Korea.

Eagle Valence’s sister vessel is currently under construction at the Samsung Heavy Industries yard in South Korea and due to be delivered in the second quarter of the year. Both vessels represent a move away from conventional energy shipping with a carbon footprint reduction that is contributing to AET’s aspiration to meet or exceed IMO’s 2030 Greenhouse Gas goals. The carbon reduction is achieved through a combination of LNG dual-fuel technology, energy saving devices and other innovative features.

Datuk Yee Yang Chien, President/Group CEO of MISC Berhad and Chairman of AET said: “Our investment in dual-fuel vessels illustrates our commitment as the MISC Group, and in this instance through AET, to invest in solutions that contribute to the decarbonization of the shipping sector over the long-term. 

“We believe that LNG is the best fuel option available immediately for use whilst we continue our on-going efforts by leading, collaborating and contributing to other long-term initiatives which we hope will bring us closer to achieving a fully decarbonized sector.”

AET has 11 LNG dual-fuel vessels in its fleet portfolio with three Aframaxes in operations in the Atlantic, one Aframax operating in the Pacific and two Dynamic Positioning Shuttle Tankers (DPSTs) operating in North and Barents Seas, now being joined by the first VLCC. Another four dual-fuel VLCCs are at newbuilding stage to be delivered in 2022 and 2023.

In addition to the naming of Eagle Valence, AET also took delivery of one more Suezmax Dynamic Positioning (DP2) Shuttle Tanker today, bringing the number of DP shuttle tankers it operates globally to 13.

Photo credit: iStock/MAGNIFIER

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