ADNOC L&S expands its fleet by $2 billion and acquires a new crude carrier

ADNOC Logistics and Services (ADNOC L&S) continues to strengthen its maritime capabilities with the recent addition of the "Arzanah," the third in a series of four new-build very large crude carriers (VLCCs). The vessel, equipped with liquefied natural gas (LNG) dual-fuel technology, underscores ADNOC's commitment to sustainability and innovation in the maritime sector.

The strategic decision to invest in LNG dual-fuel VLCCs aligns with the global push for cleaner and more sustainable energy solutions. By integrating LNG technology into its fleet, ADNOC L&S not only meets stringent environmental regulations but also positions itself as a forward-thinking player in the shipping industry. The Arzanah joins its predecessors, two VLCCs that were delivered in the preceding months of June and July. The rapid succession of these deliveries highlights ADNOC L&S's proactive approach to fleet expansion and modernization. These vessels are not just ordinary carriers; they are designed to be versatile and efficient, capable of navigating the dynamic waters of the global shipping market.

The construction of these VLCCs took place at Hanwha Ocean's Okpo Shipyard in Geoje Island, South Korea. Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, has a rich history of delivering high-quality vessels. The choice of this shipyard for construction reflects ADNOC L&S's commitment to partnering with industry leaders to ensure top-notch craftsmanship and adherence to the highest standards. The fourth and final vessel in this series is scheduled to join the ADNOC L&S fleet in the fourth quarter, completing the quartet of LNG dual-fuel VLCCs. This comprehensive fleet upgrade enhances ADNOC's logistical capabilities, ensuring a more robust and resilient supply chain for their clients. These VLCCs are expected to operate in the spot market, providing flexibility in meeting varying market demands.

The adoption of LNG as a fuel source is a noteworthy feature of these vessels. LNG is celebrated for its lower carbon footprint compared to traditional fuels, contributing to the reduction of greenhouse gas emissions. ADNOC's embrace of this technology is not only environmentally responsible but also strategically advantageous, as the global shipping industry undergoes a transformative shift towards sustainable practices. In conclusion, the delivery of the third LNG dual-fuel VLCC, the Arzanah, marks another milestone for ADNOC Logistics and Services. This achievement underscores their commitment to staying at the forefront of technological advancements in the maritime sector. With a total of four modern and eco-friendly vessels joining their fleet, ADNOC L&S is poised to navigate the future of shipping, combining efficiency, sustainability, and reliability in their pursuit of excellence on the high seas.