Company is expanding its shipping fleet in line with its smart growth strategy
ADNOC Logistics and Services recently announced 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 US$ 2bn to building more environmentally efficient vessels and has successfully reduced the carbon intensity of its owned fleet by more than 20% since 2018.
Strategic investment
“Our strategic investment in new, environmentally efficient vessels reinforces our commitment to more sustainable shipping and to decreasing the carbon intensity of our operations, as we continue to work towards meeting the International Maritime Organization’s decarbonization targets,” stated Captain Abdulkareem Al Masabi, CEO, ADNOC L&S.
VLCC Hafeet, designed for long-haul voyages to ship crude to customers worldwide, has a length of 336 meters and a deadweight of 300,000 metric tons, carrying approximately 2mn barrels of crude per voyage.
The company’s second newbuild VLCC will be delivered later this month, with the third and fourth vessels scheduled for delivery in Q3 and Q4-2023 respectively. The vessels, built by Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, at its Okpo Shipyard in Geoje Island, South Korea, are anticipated to trade on the spot market, the press statement continued.
