AET, PTLCL sign MoU for zero-emissions Aframax

The deepsea tanker, which will be powered by green ammonia, represents PTLCL’s sustainable shipping options and another significant step forward in the push towards more sustainable shipping practices.

AET global director VLCC and head of the decarbonisation unit, Captain John Baptist said, “We are pleased to extend our partnership with PTLCL to explore the potential development and construction of a net-zero green ammonia Aframax as we both continue our decarbonisation journey to advance towards a net-zero future.”

“This MoU marks a further positive step to advance AET and MISC Group’s 2030 and 2050 strategic decarbonisation aspirations for shipping, adding to the pair of zero-emissions ammonia-fuelled deepsea tanker vessels under the Castor Initiative and our collaboration with PTT for two zero-emissions Aframaxes which were both announced last year.”

AET will select a suitable shipyard to build the zero-emissions dual-fuel tanker which both parties anticipate would be delivered to PTLCL for long-term charters by 2026.

Both parties also intend to collaborate on the design, safety, and operational aspects and to study opportunities for a green ammonia corridor in southeast Asia, in support of IMO’s greenhouse gas intensity reduction agenda.