ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, has expanded its fleet with five Very Large Gas Carriers (VLGCs) built at Jiangnan Shipyard in Shanghai. The vessels will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group (Wanhua).
As natural gas plays a critical role as a lower-carbon fuel for the energy transition, the VLGCs, which carry liquefied petroleum gas (LPG), will provide ADNOC L&S with greater flexibility to meet the growing global demand for gas, the company said in its statement. .
The five VLGCs (Al Ain, Zakher, Rabdan, Al Salam and Baynounah), each with a capacity of 86,000 cubic meters, have dual-fuel engine technology and use LPG as their main fuel source, making them a of ships with the lowest emissions of this type, the statement says.
“The addition of these newbuild, low-emission vessels to ADNOC L&S’ growing fleet of more than 800 owned, operated and chartered vessels represents another important milestone as we strengthen our ability to capitalize on the growing global energy demand. Natural gas plays an increasingly important role in the global energy landscape and ADNOC L&S is expanding its gas fleet to meet customer demand, while reducing the carbon intensity of our vessels,” Capt. Abdulkareem Al Masabi, CEO of ADNOC L&S and Chairman of AW Shipping. , said
ADNOC L&S said AW Shipping will own and operate the VLGCs, transporting LPG cargoes from ADNOC and other global suppliers to the Wanhua manufacturing bases in China and around the world. AW Shipping was formed in 2020 to support a 10-year LPG supply contract signed in 2018 between ADNOC and Wanhua.
“The AW Shipping JV has added great value to both Wanhua and ADNOC L&S by optimizing the supply chain. Together with ADNOC L&S, we are strongly committed to the future development of AW Shipping,” said Kou Guangwu, CEO of Wanhua Chemical Group.
Jiangnan Shipyard, which delivered the VLGCs, is also building liquefied natural gas (LNG) carriers for ADNOC L&S, scheduled for delivery in 2025 and 2026.
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