February 28, 2001



By EDGAR filing and by hand
- ---------------------------

Division of Corporation Finance
Securities and Exchange Commission
Washington, DC 20549-0305

Attention:        Alexander Evans
                  James C. Lopez

         RE:      American Eagle Tankers Inc. Limited
                  Registration Statement on Form F-1, Registration No. 333-62326

Gentlemen:

         American Eagle Tankers Inc. Limited ("AET") hereby requests the
withdrawal of AET's Registration Statement on Form F-1, registration number
333-62326, filed with the Commission on June 5, 2001 (as amended by amendment
number 3 dated June 26, 2001), and declared effective on June 28, 2001 (the
"Registration Statement"). AET requests withdrawal of its Registration Statement
because the offering price it was able to achieve under current market
conditions was not satisfactory to it. No securities were sold in connection
with the offering. Although it currently has no plans to do so, AET may
undertake a subsequent private offering in reliance on Rule 155(c) under the
Securities Act of 1933.

         Please advise the undersigned and our counsel, Raymond J. Fisher of
Milbank, Tweed, Hadley & McCloy LLP, 1 Chase Manhattan Plaza, New York, NY
10005-1413, Telephone No. (212) 530-5305, Fax. No. (212) 822-5305, of the
effectiveness of the order granting the withdrawal of the Registration
Statement.

                                         Very truly yours,
                                         American Eagle Tankers Inc. Limited



                                         By:    /s/ Joseph Kwok
                                            --------------------------------
                                            Name:  Joseph Kwok
                                            Title: President & CEO