ADNOC L&S expands its transport fleet with acquisition of two new-build LNG vessels

ADNOC Logistics & Providers (ADNOC L&S), the transport and maritime logistics arm of the Abu Dhabi Nationwide Oil Firm (ADNOC), introduced right now the signing of a Ship Constructing Contract for the development of two 175,000 cubic metre LNG vessels that can be part of its fleet in 2025.

The acquisition, a part of the corporate’s broader progress and growth technique, additional reinforces its place because the UAE’s main transport and maritime operator.

The brand new LNG vessels will probably be essential enablers of ADNOC’s 2030 progress technique, supporting its present LNG enterprise and its ambitions to develop its Liquefied Pure Gasoline (LNG) manufacturing capability. They are going to be constructed on the Jiangnan Shipyard in China.

In 2020, ADNOC L&S began a strategic progress programme to increase and diversify its transport fleet and provide a broader service to its clients whereas supporting and enabling the expansion of ADNOC’s upstream manufacturing capability and the growth of its downstream and petrochemical operations.

ADNOC L&S has the biggest and most diversified fleet of vessels throughout the Center East. Its buying and selling fleet transports crude oil, refined merchandise, dry bulk, containerised cargo, LPG, and LNG to world markets via its owned chartered vessels.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, stated, “The growth and modernisation of our LNG fleet will probably be a key enabler of ADNOC L&S’ progress technique. This acquisition helps future-proof our fleet with extra sustainable, trendy vessels able to serving our clients for the following 25 years and deepens our partnership with Jiangnan Shipyard.”

Lin Ou, Chairman of Jiangnan Shipyard, stated, “We’re extraordinarily proud to proceed our relationship with ADNOC L&S. This order for giant LNG carriers is one other milestone within the strategic portfolio of Jiangnan shipyard. We’re dedicated to delivering these vessels on time, with good high quality and making certain the best attainable buyer satisfaction.

The brand new-build LNG vessels, every with a capability of 175,000m3, are considerably bigger than the present ADNOC L&S fleet of LNG vessels, which have a capability of 137,000m3 every. Every of the brand new construct vessels will carry sufficient LNG to energy 45,000 properties for a yr. The acquisition of bigger, extra energy-efficient vessels will permit ADNOC L&S to satisfy rising buyer demand whereas bettering the environmental footprint of its fleet.

The brand new vessels’ engine expertise will slash emissions ( CO2, NOX and SOX ) and together with the modern Air Lubrication System, additional, cut back gasoline consumption by no less than 10 p.c. These vessels may even characteristic partial reliquefication programs, which additional cut back emissions and preserve the cargo.

Jiangnan Shipyard was beforehand commissioned by ADNOC L&S in 2020 to construct 5 Very Giant Gasoline Carriers for AW Transport, ANDOC L&S’ Joint Enterprise firm with China’s Wanhua Chemical Group.

Over the previous 24 months, ADNOC L&S acquired 16 deep-sea vessels, together with eight Very Giant Crude Carriers in 2021, including 16 million barrels of capability, six product tankers, which expanded the product tanker fleet capability to over 1 million metric tonnes, along with 5 Very Giant Gasoline Carriers for AW Transport.
Supply: WAM