ADNOC L&S Expands Fleet with $1.3 Billion Acquisition of 11 Tankers
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ADNOC Logistics & Services (ADNOC L&S) has signed an agreement to purchase 11 crude oil and gas carriers for roughly $1.3 billion. This fleet expansion is designed to support the ADNOC Group’s expanding production, trading, and export operations.
The transaction comprises six Very Large Crude Carriers (VLCCs) and five Very Large Gas Carriers (VLGCs). Nine of these vessels—specifically six VLCCs and three VLGCs—were acquired from the secondary market and are slated for delivery in the third quarter of 2026. The remaining two VLGC newbuilds are scheduled to be delivered in the fourth quarter of 2026.
Following these deliveries, the ADNOC L&S fleet will expand to 14 VLCCs and 12 VLGCs, boosting the company’s ability to transport crude oil and liquefied petroleum gas to global markets.
“This $1.3 billion investment reflects the disciplined execution of our growth strategy and our commitment to building world-class maritime logistics capabilities for the energy sector,” stated Captain Abdulkareem Al Masabi, CEO of ADNOC L&S. “By adding 11 vessels, we are expanding our capacity to support ADNOC’s growing exports, serve customers in key markets and capture opportunities in international energy trade.”
The company noted that these acquisitions deliver immediate operational capacity while enhancing the scale and flexibility of its international shipping operations. This fleet growth aligns with the ADNOC Group’s integrated value chain as it ramps up hydrocarbon production and exports.
The deal is the latest in a series of strategic investments by ADNOC focused on boosting both its upstream production capacity and the logistics infrastructure required to transport crude oil and gas globally.
