MISC has entered into Time Charter Party Contracts with PETCO Trading Labuan Company Ltd via its petroleum arm, AET for the world’s first two ammonia dual-fuel Aframaxes. Through these vessels, PTLCL said it will be able to transport its products to customers around the world while contributing to the industry decarbonisation by utilising ammonia as the cleaner alternative to conventional fuel.
AET also signed the Shipbuilding Contracts (SBC) for these two vessels with Dalian Shipbuilding Industry Co., Ltd (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC).
Captain Rajalingam Subramaniam, President and Group CEO of MISC said, “Congratulations to AET and PTLCL for reaching a significant step of materialisation today since the signing of the Memorandum of Understanding in February 2023. It’s been made more meaningful, collaborating with PTLCL, a member of the PETRONAS Group. Thank you, Dalian Shipbuilding Industry Co., Ltd. for being part of this journey. Well done to MISC Marine and New Energy & Decarbonisation of MISC, the critical enablers in bringing this vision to life.
The parties said the introduction of these two vessels will reduce the overall emissions from our operations whilst we deliver more energy for the world. I would like to thank PTLCL and DSIC for their forward thinking and collaboration to spearheading
this new generation of ultra-low emissions tankers to support the decarbonisation of the maritime industry.
