Singapore-headquartered shuttle tankers player AET has contracted the Dalian Shipbuilding Industry Corp. to build one dual-fuel ethanol-ready dynamic positioning shuttle tanker (DPST).
AET inked an agreement with the shipbuilder for the construction of its first hybrid electric DPST, designed to be dual-fuel, lower-emissions-ready, and secured on long-term charter.
The 154,000-deadweight-tonne Suezmax DPST, equipped with an electric energy storage system and designed to be dual-fuel ethanol-ready, is expected to be delivered in 2028.
The move is said to be part of the company’s multi-fuel fleet growth program. The newbuild builds on AET’s energy transition strategy to shift towards lower-emissions technologies across its fleet.
AET currently operates 17 DPST vessels deployed in Brazil and Norway, with further growth planned.
Nick Potter, president and chief executive of AET, commented: “AET owns and operates one of the youngest and largest DPST fleets serving Brazil, and the North and Barents seas.
“Our collective experience in dual-fuel vessels and growth in the DPST segment has been driven by deep partnerships.”
At the end of 2025, AET confirmed an order for two LNG dual-fuel suezmax tankers at Samsung Heavy Industries (SHI).
AET revealed the order on November 7 as part of its dual-fuel fleet expansion strategy.
Headquartered in Singapore with commercial and operational offices in Malaysia, the US, the UK, Norway, Brazil, and Uruguay, AET is a wholly-owned subsidiary of Malaysian energy logistics group MISC Berhad.
