AET, the Malaysian tanker owner, has secured a $575m revolving credit facility (RCF) from a syndicate of six banks led by Standard Chartered.

The facility will be used to finance AET’s newbuild tankers and vessel acquisition programme. Financial terms were not disclosed

The other syndicate banks include BNP Paribas, DBS Bank, ING Bank, OCBC Bank, Societe Generale and Sumitomo Mitsui Banking Corp.