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Commodities

ADNOC L&S Boosts Fleet with $1.3B Tanker Acquisition

Guavy AI Editorial Team
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Natural Gas
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ADNOC Logistics & Services (ADNOC L&S) has made a significant move in expanding its global fleet, acquiring 11 carriers for a total investment of AED 4.8 billion (USD 1.3 billion).

The acquisition includes five modern liquefied natural gas (LNG) carriers and six very large crude carriers (VLCCs), with delivery scheduled in Q3 2026.

The company also acquired two new LNG carriers under construction, through a resale agreement from a Chinese shipbuilder, with delivery expected in Q4 2026.

This acquisition will expand its fleet to 14 VLCCs and 12 LNG carriers, providing immediate support for its operations.

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