PTT and AET will collaborate on the development and construction of two zero-emission Aframaxes to be fueled by green ammonia.
AET will choose a suitable shipyard and the two zero-emission dual-fuel tankers are to be delivered to PTT for long-term charters in Q4 2025 and Q1 2026 respectively.
This partnership highlights PTT’s vision of Powering Life with Future Energy and Beyond and the importance it places on the development of low carbon society and investment in clean energy as well as its long-term strategy to achieve carbon neutrality and net zero Greenhouse Gas (GHG) emissions.
PTT is very pleased to sign MOU with AET, a member of the MISC Group, for our study to develop the first net-zero emission Aframaxes as we are both aligned that the global shipping the community must act now and we see green ammonia-powered vessels as one of the pathways to achieve the decarbonisation goals
said Disathat Panyarachun, SEVP, International Trading Business Unit, PTT.
The collaboration with PTT will be complementary to the Castor Initiative, a multinational coalition championed by MISC and its Castor partners committed to making zero-emission in shipping a reality.
With these latest net-zero vessels, AET is contributing further to the development of sustainability shipping to meet the IMO’s 2030 Greenhouse Gas intensity reduction agenda and its commitment across the MISC Group to net-zero GHG emissions by 2050.
This MOU signing marks another significant milestone in our growing partnership with PTT as we both place great importance on driving the shipping decarbonisation journey ahead of 2050
Capt. Rajalingam Subramaniam, AET President & CEO and MISC Group COO, concluded.