AET, PETCO to deploy zero-emission Aframax

AET, a unit of Malaysia MISC, has signed a memorandum of understanding with PETCO Trading Labuan Company, an indirect subsidiary of Petronas, to explore a potential collaboration to deploy a future zero-emission Aframax, it said on February 27.

The deep-sea tanker vessel, which will be powered by green ammonia, represents PETCO’s sustainable shipping option and another significant step forward in the push towards more sustainable shipping practices, AET added.

AET’s responsibilities would include the selection of a suitable shipyard to build the zero-emission dual-fuel tanker which both parties anticipate would be delivered to PETCO for long-term charters by 2026.

Both parties also intend to collaborate on design, safety, and operational aspects as well as to study opportunities for a green ammonia corridor in southeast Asia, in support of the International Maritime Organization’s greenhouse gas intensity reduction agenda.