Through long-term partnership arrangements we move crude oil in our fleet of very large crude carriers (VLCC), Suezmax and Aframax tankers for many of the world’s leading oil interests.
AET’s double-hulled VLCC and Suezmax tankers are managed from London and are mostly employed on time-charter contracts with blue-chip charterers. There are currently 16 vessels in this fleet with an average age of five years.
The fleet of Aframax vessels forms the core of our crude oil activities. All double-hulled and with an average age of less than ten years, these workhorses of the tanker industry transport crude oil in Europe, Asia and the Americas. This fleet and its global footprint will continue to grow, to provide increased connectivity between geographic regions and between our VLCC/Suezmax operations and our lightering activities.
AET vessels are employed for customers on long-term period charters, shorter voyage charters or on extended contracts of affreightment (COAs). The dedicated chartering teams in London, Singapore and Houston work alongside our customers to ensure we deliver the best possible solutions.