Malaysia’s MISC Berhad, through its tanker subsidiary AET, has signed contracts for the world’s first two ammonia dual-fuel Aframaxes.
The deal includes Time Charter Party Contracts (TCP) with PETCO Trading Labuan Company Ltd (PTLCL) for the operation of the vessels.
AET has also signed shipbuilding contracts for the two vessels with Dalian Shipbuilding Industry (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC).
The contracts represent the latest milestone in efforts to establish ammonia as a viable fuel for the maritime industry.
Captain Rajalingam Subramaniam, President and Group CEO of MISC, praised AET and PTLCL for this significant milestone, reached since the Memorandum of Understanding was signed in February 2023.
“With today’s signings, we take concrete actions to deliver on our commitment as industry leaders to progress the decarbonisation of the shipping sector,” said Zahid Osman, President & CEO of AET.
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