AET Orders Three Product Tankers Using Newbuildcon

Tanker owner-operator AET has ordered three 6,600DWT oil/chemical tankers from Russia’s Okskaya Shipyard using BIMCO’s Newbuildcon standard newbuilding contract. The contract for the new tankers was signed on 28 August, with the vessels due for delivery between July and December 2009.

The order for the new tankers is aimed at expanding AET’s fleet capacity and extending the geographical coverage of its operations. Long-term employment for the vessels has already been secured.

Commenting on the decision to use NEWBUILDCON in this latest order, Zurina Raja Abu Bakar, AET’s