rss icon Subscribe
desktop mobile

Adnoc's Fleet to Add 25 Vessels

Photo: Adnoc

Laxman Pai

Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, a member of Abu Dhabi's Executive Council and Supreme Petroleum Council and Chairman of the Abu Dhabi Department of Transport, inaugurated the latest addition to Adnoc Logistics & Services' shipping fleet.

The Abu Dhabi-based provider of shipping, maritime, port, logistics and oil field services said that the acquisition of the 2,850 TEUs large feeder vessel, Al Reem 1, brings Adnoc L&S's fleet to 123 vessels.

Adnoc L&S revealed its plan to acquire its first crude oil tankers, while expanding its gas and dry bulk fleet, by adding more than 25 vessels within the next five years.

Zayed Al Nahyan updated on Adnoc L&S strategic growth plans, which will transform it into a global shipping champion. Adnoc L&S is the maritime and logistics arm of the Abu Dhabi National Oil Company (Adnoc).

Adnoc has chalked out its ambitious growth plan will create a more competitive and diverse offering, to leverage market expansion while strengthening its role by transforming into a fully integrated marketer and trader of its products, enabled by its shipping arm Adnoc L&S.

This will enable Adnoc to sell more of its commodities on a 'delivered basis', increasing its global reach, unlocking new market opportunities and stretching the value of its supply chain.

Adnoc L&S will play a critical role in supporting the delivery of Adnoc's 2030 smart growth strategy, through which Adnoc will increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030.

In the Downstream, Adnoc intends to triple production of petrochemicals to 14.4 million tons per annum and double its crude refining capacity by 2025. This ambitious growth plan, combined with Adnoc's move into trading, presents significant opportunities for Adnoc L&S.

Feb 21, 2019

 

Shipbuilding

BMA to Build Futuristic Vessel in Britain

Image by Britannia Maritime Aid

Ambitious plans are being launched for a $ 184 million training and disaster relief ship with

StealthGas Adds Vessels, Wins Charters

Pic: StealthGas Inc

StealthGas Inc, the world's largest owner of liquefied petroleum gas (LPG) pressurized carriers in

Expedition Cruise Market Powers Ahead

National Geographic Endurance for Lindblad. Source: Ulstein Verft AS

While nothing lasts forever, the cruise industry – and particularly the ‘expedition’ cruise sector

Tankers

StealthGas Adds Vessels, Wins Charters

StealthGas Inc, the world's largest owner of liquefied petroleum gas (LPG) pressurized carriers in the strategic 3,000-8,000cbm segment,  has expanding its fleet with two

Seized Stena Bulk Tanker Could be Released Soon

File Image: MarineTraffic.com

Sweden has received "very strong indications" that a British oil tanker seized last month by Iran

HMD Builds 2 Methanol-Fueled Tankers

Pic: Methanol Institute

Two new dual-fueled tankers capable of operation using clean-burning Methanol, Mari Couva and Mari

Maritime Apps