ADNOC L&S has expanded its fleet through shipbuilding contracts that include 10 new LNG carriers, 9 Very Large Ethane Carriers, and 4 Very Large Ammonia carriers according to Gulf News.
The company, according to the reports, through its joint venture AW Shipping, awarded contracts worth US$1.9 billion to build nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs) with Jiangnan Shipyard in China.
The investment aims to support the energy transition and open new markets for the company, while advancing its efforts to reduce carbon emissions in industrial operations.
…said Abdulkareem Al Masabi, CEO, ADNOC Logistics & Services.
Al Masabi stated that ADNOC L&S has also signed contracts worth US$2.5 billion with Korea’s Samsung Heavy Industries and Hanwha Ocean to build up to 10 LNG carriers, further enhancing its ability to meet global demand for low-carbon energy.
Gulf News reports that the CEO also pointed out that the company continues to embrace artificial intelligence (AI) technologies to enhance operational efficiencies and reduce emissions.
According to Al Masabi, the company is leveraging advanced AI solutions alongside its fleet expansion strategy to enhance performance and sustainability, Gulf News concludes.
This approach has resulted in a 60 per cent reduction in delivery times for important equipment and a 30 per cent decrease in carbon emissions within its logistics sector
…said Abdulkareem Al Masabi.
