MISC may Sell AET Tanker Holdings

 

AET is a wholly-owned subsidiary of Malaysia's MISC Bhd. and a major global shipowner and operator with a fleet of around 80 tankers including 13 VLCCs, 48 Aframaxes and four Suezmaxes.

 

MISC is a subsidiary of Malaysian energy conglomerate Petronas.

 

“MISC is not in a position to comment on Teekay’s business plans,” the shipping company’s corporate communications arm responded when asked to verify news reported by Oslo-based shipping press Tradewinds.

 

“It is difficult to quantify the disposal gain at this point of time without the actual acquisition price,” Kenanga Research said.

 

According to the MISC website, AET is a specialist and leading provider of safe, high-quality maritime logistics solutions to the international petroleum sector. Its fleet, which consists of Aframax, Suezmax, VLCC and mid-range (MR) tankers, serves national and international oil companies, refiners and traders.