ADNOC L&S takes delivery of first newbuild Very Large Crude Carrier as it continues strategic fleet growth

ADNOC L&S takes delivery of first newbuild Very Large Crude Carrier as it continues strategic fleet growth

ADNOC L&S is expanding its shipping fleet in line with its smart growth strategy to meet rising global energy demand ADNOC L&S has committed approximately $2 billion to building market-leading environmentally efficient vessels, including a new VLCC fleet with dual-fuel capability Abu Dhabi, UAE – ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol ADNOCLS / ISIN AEE01268A239), a global energy maritime logistics leader, announced today that it has taken delivery of a newbuild Very Large Crude Carrier (VLCC), Hafeet. The vessel is the first of four dual-fuel engine VLCCs, which can also run on Liquified Natural Gas (LNG), that will be delivered this year to support the company’s smart growth strategy. ADNOC L&S has committed approximately $2 billion to building more environmentally efficient vessels and has successfully reduced the carbon intensity of its owned fleet by more than 20% since 2018. Captain Abdulkareem Al Masabi, CEO of ADNOC L&S , said: “The addition of Hafeet, the first of four newbuild VLCCs to our expanding ADNOC L&S fleet, will increase our energy transportation capacity in line with our ambitious growth strategy. Our strategic investment in new, environmentally efficient vessels reinforces our commitment to more sustainable shipping and to decreasing the