Type Number of Vessels VLCC 13 Aframax 48 Suezmax 4 Panamax 1 DP Shuttle Tankers 2 Medium-range ProductTankers 8 Total 76 AET is our specialist and leading global provider of safe, high quality maritime logistics solutions to the international petroleum sector with a fleet of 76 crude oil and product tankers with asset base of more than USD3 billion. AET’s global coverage and growth plans combined with its superior service and excellent customer support will allow it to continuously enhance our position in the crude and product tanker markets. • Market leader in ship-to-ship transfers in the US Gulf. • Solutions provider with a modern, young fleet of vessels of various capacities, that provides niche and custom solutions to keep up with customers’ changing needs. MAJOR DEVELOPMENTS FROM 1 JANUARY 2014 – 31 DECEMBER 2014 • AET celebrated its 20th year in the petroleum logistics business with year-long customer commemorations, as well as activities with shore staff and those on the fleet. Its anniversary theme “20 Years of Creating Solutions” encapsulated AET’s vision and mission, and promoted the company’s strengths in successfully transforming its role from a traditional shipowner to a provider of petroleum logistics solutions. • The world’s first modular capture vessels (MCVs) for specialised marine containment logistics successfully completed their modular conversion and sea trials. They were set to rejoin the fleet in 2015. • AET achieved 429 days/18,940,052 man-hours ZERO Lost Time Injury (LTI) as at 31 December 2014. This achievement is proof that ZERO Spills, ZERO Accidents, and ZERO LTI are possible through continued vigilance and an absolute commitment to safety. • AET named the world’s most advanced 120,000 dwt DP shuttle tanker Eagle Barents. The 120,000 dwt vessel is the first of our ships to service the great Nords and will be devoted to offshore oil field, the Goliat Fields when she begins full operations in 2015. • AET continued to champion safety and achieved safety excellence as 42 of its vessels were bestowed with the Jones F. Devlin Awards and 55 more, the 2014 Environment Achievement Awards. Both awards were given in recognition of accident-free operations over two consecutive years or more. PETROLEUM SHIPPING p 19 MISC BERHAD - Annual Report 2014
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