AET Signs $500 Million Contract for LNG-Fueled VLCCs

million. The exact number of vessels has not been confirmed, but sources indicate the order likely includes between four and six ships. The contract marks a significant investment in cleaner fuel technology within the VLCC segment. This move aligns with broader industry trends toward reducing emissions and adopting LNG as an alternative marine fuel. The newbuilds will enhance AET’s fleet capabilities while supporting environmental compliance. Further details on delivery schedules and vessel specifications have not yet been disclosed.