ADNOC L&S Adds Two More VLCCs to Its Fleet

Tuesday, April 13, 2021

Abu Dhabi-based ADNOC Logistics & Services, the shipping and maritime logistics branch of Abu Dhabi National Oil Company (ADNOC), has ordered two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.

ADNOC L&S said Tuesday that the VLCC fleet expansion played a significant role in supporting ICE Murban Futures, which is expected to boost trading of the UAE’s flagship Murban crude oil, enabling it to reach new customers and markets around the globe. 

"The launch of Murban Futures contracts will also allow ADNOC L&S to further improve its vessel capacity utilization in the crude oil sector," ADNOC L&S.

The growth of ADNOC L&S’s VLCC fleet supports ADNOC Group’s commitment to increase its crude oil production capacity by 25% to 5 million barrels per day (mmbpd) by 2030, the company said.

The new acquisitions include a new-build VLCC, equipped with dual-fuel technology, which is expected to be delivered in Q1 2023, and an existing vessel that is scheduled to join the fleet in Q2 2021. These latest acquisitions mean that ADNOC L&S has now added a total crude oil cargo capacity of 16 million barrels this year.

The latest acquired vessels have a length of 336 meters with a deadweight of 300,000 metric tonnes. The existing vessel is equipped with a scrubber, which is an exhaust gas cleaning system that removes sulphur oxides from the ship’s engine, improving its environmental performance.

The new build vessel, made by Daewoo (South Korea), is fitted with a propulsion dual-fuel engine, providing a more environment-friendly operation.

Categories: Shipbuilding VLCC Oil Tankers

Related Stories

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

Southeast Asia Expected to Boost Coal Trade

First Oil Starts Flowing at CNOOC’s South China Sea Field

Equinor Pulls Out of Vietnam's Offshore Wind Industry

Heat Drives Asian LNG Spot Price Spike

Shipbuilding: Wind Turbine Installation Vessel Delivered to Cadeler

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

CNOOC’s Deepwater Field Boasts Over 100 bcm Proven Gas Reserves

Current News

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com