AET Tankers in $40m clear-out of veteran aframaxes

AET Tankers has taken a major step towards renewing its aframax fleet with a $40m clear-out of up to five veteran vessels.

The end-of-year move would more than double the number of aframaxes scrapped by the Malaysian owner in 2018, which has been a record year for tanker scrapping overall.

Rajalingam Subramaniam, AET president and chief executive, confirmed the 105,000-dwt Bunga Kelana 6 (built 1999) has been sent for demolition.