Daewoo to Build Crude Carriers for AET

Daewoo Shipbuilding and Marine Engineering has secured orders to build four very large crude carriers for Malaysian tanker owner AET.

The 320,000dwt carriers will cost Daewoo between $105m and $110m each.

AET will receive the carriers in 2012 and 2013.

The shipping company is buying the carriers as a part of its fleet expansion, which includes the acquisition of 150 tankers, according to asiasis.com.