AET orders NAPA-DSME Power® vessel efficiency management software for four VLCCs

HELSINKI, FINLAND, 29 March 2012: AET has ordered NAPA-DSME Power® for installation on four newbuild 319,000 deadweight tonne (DWT) VLCC vessels. A collaborative software from NAPA, the leading software house for ship design and operations, and Daewoo Shipbuilding & Marine Engineering Co. (DSME), the world’s premium specialized shipbuilding and offshore contractor, NAPA-DSME Power® can save up to 5% of a tanker’s fuel costs.

Using sensors integrated with DSME’s energy efficient tanker designs, NAPA-DSME Power® monitors energy efficiency, emissions, fuel consumption and trim. This data is immediately accessible to officers onboard, along with weather updates, arrival times and other key performance indicators to inform decisions and enable efficiency optimisation in ‘real-time’.

Fast becoming an integral part of DSME’s Green Ship design concept, NAPA-DSME Power® also increases the safety of operations and enables owners to ‘future proof’ their vessels at the newbuild stage. The software not only affords compliance with current regulations but is also expected to fulfil anticipated requirements for energy efficient ship operations and emissions monitoring and reporting over the next few years. This includes, but is not limited to, upcoming Ship Energy Efficiency Management Plan (SEEMP) legislation, which takes effect from January 1^st 2013.

Matti Salo, President, NAPA for Operations said:

“With tightening environmental regulations and increasing operational overheads, the maritime industry continues to face an evolving and challenging market. At NAPA, we are committed to developing products that deliver tangible benefits to customers, directly supporting their ability to effectively manage this cycle of change. In choosing NAPA-DSME Power®, AET has selected an innovative approach to operations management that will provide them with of the ability to benefit from fuel efficiencies whilst simultaneously managing their environmental impact.”

NAPA-DSME Power® will be installed on the four AET vessels at DSME’s shipyard in South Korea. The scheduled delivery for the first of these vessels is January 2013.

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About NAPA-DSME Power^®
NAPA-DSME Power^® is for optimising, monitoring and following up fleet-wide fuel consumption and ship performance. Ship owners and operators can realize considerable savings through making ship operations more effective and environment-friendly. With NAPA-DSME Power^® the most optimal trim, route, speed profile and engine configuration can be obtained for any given voyage.

About NAPA
NAPA is the world leading software house supplying solutions for ship design and operation with a mission to improve safety and eco-efficiency of the global maritime industry. With a solid track record in setting new standards for 3D modelling of ships and ship performance analyses, NAPA’s philosophy is that true eco-efficiency starts with the build process and continues through the operational lifecycle of a vessel. NAPA and NAPA for Operations software are used by shipyards, owners, designers, classification societies, research institutes, authorities, consultancies and universities. NAPA has nearly 400 user organizations for the design application and 1,400 installations onboard.

About AET
AET specializes in the global ocean transport of petroleum and operates a fleet of 84 petroleum vessels comprising 12 VLCCs, 58 Aframax, one Panamax and 13 clean tankers. AET has a further 10 vessels on order. The company is headquartered in Kuala Lumpur, with commercial centres in Singapore, London, Houston and Gurgaon (India), together with a specialist offshore lightering unit in Galveston, Texas. AET is a wholly-owned subsidiary of Malaysian energy logistics group, MISC Berhad.

For more information on AET visit www.aet-tankers.com."

About DSME
DSME, established in 1973 at Okpo Bay, Geoje Island, has developed into the world's premium specialized shipbuilding and offshore contractor that builds various vessels, offshore platforms, drilling rigs, floating oil production units, submarines and destroyers. All vessels and offshore products produced by DSME are of unparalleled quality backed by its cutting-edge IT and systemized shipbuilding technologies. This is all based upon advanced IT systems, sophisticated offshore platform construction and building experience, as well as managing large plant projects, and the state-of-the-art technological prowess needed to build submarines and destroyers.