AET signed shipbuilding agreements with Samsung Heavy Industries (SHI) for two LNG dual-fuel Suezmax tankers.
With these orders, AET will have dual-fuel capability across all the tanker sectors it operates in, such as Aframax, shuttle tankers, Suezmax and Very Large Crude Carriers (VLCC).
LNG is one of several alternatives AET is exploring, alongside ammonia and other emerging low-carbon fuels, as part of its Energy Transition Strategy. When operating on LNG, dual-fuel vessels, by design, can emit between 14% and 23% less Greenhouse Gas (GHG) emissions on a full fuel-lifecycle basis than those using conventional marine fuels, while also significantly reducing Particulate Matter (PM), Sulphur Oxides (SO) and Nitrogen Oxides (NOx).
Beyond these savings, LNG from alternative feedstocks, such as bio-LNG and synthetic LNG, offers a scalable and long-term solution for the deep decarbonisation of the sector. These forms of LNG, while in their infancy as a marine fuel, offer significant additional GHG emission savings over the savings from (fossil) LNG and use the same infrastructure.
Nick Potter, President and CEO of AET, stated that “this marks another important step in building a more sustainable fleet and supporting our customers’ decarbonisation ambitions. With these newbuilds, our dual-fuel fleet will grow to 18 vessels, a clear demonstration of the progress we are making in delivering more energy with fewer emissions.”
“Through ongoing collaboration with industry partners, we are investing in technologies that deliver lower-carbon energy solutions today, while maintaining a firm course towards a 40% reduction in greenhouse gas emission intensity by 2030, as part of our Energy Transition Strategy,” the executive added.
