ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 vessels for approximately $1.3 billion (AED4.8 billion), a move that expands the Abu Dhabi-based maritime logistics company's capacity to carry crude oil and gas for the energy sector.
The company announced the deal on Friday, confirming it will add five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs) to its fleet.
How the deal is structured
Nine of the vessels, comprising six VLCCs and three VLGCs, were acquired on the secondary market and are scheduled for delivery in the third quarter of 2026. The remaining two vessels are newbuild VLGCs acquired through a resale transaction from a Chinese shipyard, with delivery expected in the fourth quarter of 2026.
Part of a wider fleet buildout
The acquisition follows an earlier expansion move in July, when ADNOC L&S ordered four next-generation LNG carriers valued at approximately $900 million (AED3.3 billion). Those vessels, each with a capacity of 175,000 cubic metres, are being built at Jiangnan Shipyard in Shanghai, China, and are due for delivery in 2029.
Together, the two orders point to a steady increase in ADNOC L&S's shipping capacity across crude oil, gas and LNG segments over the coming years.
What it means for ADNOC's export ambitions
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said the latest purchase reflects a broader strategic plan. "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," he said.
He added that the expanded fleet is intended to support ADNOC Group's growing export volumes and strengthen the company's position in international energy trade. "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. Our strong financial position and cash generation enable us to invest in growth and deliver sustainable shareholder value," Al Masabi said.
For UAE readers tracking the country's energy and logistics sectors, the acquisition signals continued investment in the infrastructure that moves Abu Dhabi's oil and gas output to international markets, with new capacity phased in from late 2026 and further growth planned through the LNG carrier order arriving in 2029.
Reported by Economy Middle East.