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ADNOC buys secondhand ultramax bulker

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ADNOC Logistics & Services (L&S) has acquired a secondhand ultramax bulk carrier, following on from the purchase of two ultramaxes earlier this year.

The 2019-built, 64,000-dwt bulker Al Karama will immediately be deployed on key ADNOC L&S trading routes, including the transport of sulphur from facilities in Ruwais, Abu Dhabi, to global customers.

Financial details of the vessel acquisition were not disclosed.

The Al Karama joins the other two bulkers Al Dhafra and Al Wathba, which were also built in 2019 in Japan.

Abdulkareem Al Masabi, ceo of ADNOC L&S, said: “The addition of these modern bulk carriers to our fleet is a key milestone in the delivery our growth plans. The vessels will increase ADNOC L&S’ regional presence and will enable allow us to explore more cargo options outside the UAE market.

The ultramax bulk carriers feature economically efficient engines and smart speed management technology, allowing the vessels to operate at very low engine speeds resulting in a marked decrease in fuel consumption and lower emissions.

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