AET (company)
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| Type | Private limited liability company |
|---|---|
| Founded | 1994 |
| Headquarters | London, United Kingdom |
| Key people | Dato' Shamsul Azhar bin Abbas (Chairman) Hor Weng Yew (CEO & President) Nicholas Fell (Chief Administrative Officer) |
| Industry | Shipping |
| Products | Ocean transportation of crude oil |
| Revenue | $877 million (2005-06) |
| Net income | $271 (2005-06) |
| Employees | 2,000 seafarers, 175 office executives |
| Parent | MISC Berhad |
| Website | www.aet-tankers.com |
AET Tanker Holdings Sdn Bhd, formerly American Eagle Tankers, is a Malaysian-owned global shipping company specialising in the ocean transport of crude oil. Its fleet of 70 ships make it one of the leading providers of maritime transport to the international petroleum industry.
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[edit] History
Originally a subsidiary of Neptune Orient Lines, American Eagle Tankers was formed in Houston in 1994 to serve the US Persian Gulf lightering market. From a fleet of just three tankers, the company grew to become a major force in that rapidly developing market.[1]
American Eagle Tankers became a wholly owned subsidiary of international logistics provider MISC Berhad (formerly the Malaysian International Shipping Corporation) in July 2003. At that time, American Eagle Tankers was operating around 25 vessels and this provided MISC with the critical mass and strategic positioning to serve its global petroleum customers with coverage in the Atlantic Basin, the Persian Gulf and the Far East.
In 2007, the company’s operations around the world were brought together under the single, global brand of AET.[1]
[edit] AET today
AET has its operational headquarters in London, with regional offices in Houston, Singapore and Kuala Lumpur.
On behalf of oil majors and large trading houses, AET transports crude oil in its fleet of Very Large Crude Carriers (VLCCs) and smaller Aframax tankers from the world’s producing nations to refineries in America, Europe and Asia. In addition, the company leads the industry[citation needed] in the provision of lightering services – a specialised operation involving the safe transfer of crude oil at sea from large tankers to smaller ships that are more suited to enter the ports along the US coast.
The company’s fleet expansion plans include a further 24 new vessels for itself and its joint venture partners, together with 6 new lightering support vessels.
[edit] References
- ^ a b "Company website". http://www.aet-tankers.com/our-business/our-heritage. Retrieved July 20, 2009.
