Core Capabilities AET is our global provider of ocean transport solutions for crude oil and clean products. Through AET, we move liquid cargo for the majority of the world's oil majors and trading houses. AET's global coverage and growth plans combined with its superior service and excellent customer support will allow us to continuously enhance our position in the aframax, VLCC, suezmax and product tanker markets. Facts A modern, young fleet of vessels ranging in capacity from 5,800 to 308,000 dwt. 17 newbuildings scheduled to join the fleet within the next two years, comprising 12 aframax tankers (five under a joint venture with Restis); two in-chartered medium range 2 (MR2) tankers; and three product tankers. Market leader in ship-to-ship transfers in the US Gulf. Major Developments in FYE2009/2010 Product tanker Eagle Meerut is registered in India, making AET the first major foreign shipping company to be given permission by the Indian Government to operate a ship flying the Indian flag. AET took delivery of the Eagle Kuching and Eagle Kuantan, the first and second of eight new aframax vessels from Japan's Tsuneishi shipyard, and the 156,658 dwt Blue, a chartered-in vessel that officially marks AET's entry into the suezmax market. 34 vessels from the AET global fleet received the Jones F Devlin Award in recognition accident-free operations. AET successfully completed the sale of product tankers Bunga Kasai, Pernas Rantau and Bunga Kerayong. AET celebrated 100% renewal rate of its lightering contracts in the US Gulf.