AET partners with PTLCL to explore green ammonia tanker

AET has agreed to work with Petco Trading Labuan Company Ltd (PTLCL) to explore the potential deployment of a zero-emission aframax tanker that will be capable of running on green ammonia.

The two companies have signed a memorandum of understanding, which is said to represent another opportunity for AET to advance its decarbonisation aspirations while providing PTLCL with a sustainable shipping option.

AET’s commitments would include selecting a suitable shipyard to construct the vessel, which both parties expect to be delivered to PTLCL for a long-term charter by 2026. Both parties stated that they intend to collaborate on design, safety, and operational aspects as well as investigate opportunities for a Southeast Asian green ammonia corridor.