KUALA LUMPUR (May 26): MISC Bhd’s wholly-owned subsidiary AET Tanker Holdings Sdn Bhd said today the latter took delivery of Eagle Petrolina, the first of four Suezmax dynamic positioning (DP2) shuttle tankers built for long-term charter to Brazil-based Petróleo Brasileiro SA (Petrobras).

In a statement today, AET said that in May 2018, AET and Petrobras entered into a long-term charter to operate four Suezmax shuttle tankers in the Brazilian Basin, and Eagle Petrolina is the first of these contracted vessels. 

“She (Eagle Petrolina) was delivered to AET on May 22, 2020 and will commence her operations in mid-late June joining the two vessels AET already operates in the Brazilian Basin for Petrobras. Eagle Petrolina was built at Samsung Heavy Industries (SHI) in South Korea where her three sisters are currently under construction and due to be delivered later this year. Amid the Covid-19 outbreak, all extra health and safety precautions were taken by the AET and Eaglestar site teams working closely together with the SHI team to safeguard the ongoing construction and delivery.

"The four 152,000 DWT vessels have been built to Petrobras’ technical requirements for DP2 shuttle tankers in a collaboration with SHI, DNV GL and Eaglestar and will operate to the highest operational and environmental standards, including full compliance with IMO NOx Tier 3 and SOx emission requirements. Each is equipped with electrical driven cargo pumps for enhanced fuel efficiency, high power thrusters and are fully capable of operating in weather conditions expected for their class,” AET said.

IMO stands for the International Maritime Organization. IMO’s website indicates that NOx and SOx refers to nitrogen oxides and sulphur oxides respectively. 

DNV GL offers technical advice to the oil and gas industry while Eaglestar is the integrated marine services provider jointly owned by MISC and AET, these companies' websites indicate.

AET said, in its statement today, it currently operates seven DP shuttle tankers, including Eagle Petrolina, and has a further 10 shuttle tankers under construction to be delivered between 2020 and 2022.

MISC’s share price closed down four sen or 0.49% at RM8.08 on Friday (May 22) for a market capitalisation of  RM36.07 billion. The stock saw 2.74 million shares traded.

Malaysian markets are closed since yesterday in conjunction with the Hari Raya Aidilfitri celebrations, which fell on Sunday (May 24) and Monday (May 25).

"Bursa Malaysia and its subsidiaries will resume operations on Wednesday, May 27,” the bourse operator and regulator said in a statement.