UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) has signed a ship building contract for the construction of two 175,000 cubic metre LNG vessels, said the company.
The vessels will be built at the Jiangnan Shipyard in China and join ADNOC L&S’ fleet in 2025. The new-build LNG vessels are significantly larger than the current ADNOC L&S fleet of LNG vessels, which have a capacity of 137,000 cubic metres each, according to news agency WAM.
Each of the new build vessels will carry enough LNG to power 45,000 homes for a year. The acquisition of the larger, more energy-efficient vessels allows ADNOC L&S to meet growing demand while improving the environmental footprint of its fleet.
The new vessels’ engine technology will slash emissions (CO2, NOX and SOX ), which along with an innovative air lubrication system further reduces fuel consumption by at least 10 per cent. These vessels will also feature partial reliquefication systems, which reduce emissions and conserve the cargo.
Jiangnan Shipyard was previously commissioned by ADNOC L&S in 2020 to build five Very Large Gas Carriers for AW Shipping, ANDOC L&S’ Joint Venture company with China’s Wanhua Chemical Group.
Over the past 24 months, ADNOC L&S acquired 16 deep-sea vessels, including eight Very Large Crude Carriers in 2021, adding 16 million barrels of capacity, six product tankers, which expanded the product tanker fleet capacity to over 1 million metric tonnes, in addition to five Very Large Gas Carriers for AW Shipping.
ADNOC L&S’ trading fleet transports crude oil, refined products, dry bulk, containerised cargo, LPG, and LNG to global markets through its owned chartered vessels.
As per MRC, The Abu Dhabi National Oil Company has activated business continuity plans to ensure continued supply of products to its local and international customers following an incident on its Mussafah fuel depot. The company in an earlier statement that the incident at the fuel depot occurred at around 10:000 hours (06:00 GMT) on 17 January. The incident resulted in the outbreak of a fire and three workers were killed as a result, it said.
As per MRC, the Abu Dhabi National Oil Company (ADNOC) has signed of a strategic partnership with Borealis AG that confirms a USD6.2 B (AED22 B) investment agreement between the companies to build the fourth Borouge facility - Borouge 4 - at the polyolefin manufacturing complex in Ruwais, United Arab Emirates (UAE), which will produce 1.4 MM tons of polyethylene (PE) per year.
mrchub.com