ADNOC L&S takes first of four VLCCs due this year

“ADNOC L&S has committed approximately $2 billion to build more environmentally efficient vessels and has reduced the carbon intensity of its owned fleet by more than 20% since 2018,” the company said.

The Hafeet has a length of 336 metres, 300,00 dwt, and carrying approximately 2 million barrels of crude per voyage.

“The addition of Hafeet, the first of four newbuild VLCCs, to our expanding ADNOC L&S fleet, will increase our energy transportation capacity in line with our ambitious growth strategy,” Capt. Abdulkareem Al Masabi, CEO of ADNOC L&S, said.

“Our strategic investment in new, environmentally efficient vessels reinforces our commitment to more sustainable shipping and to decreasing the carbon intensity of our operations. We continue to work towards meeting the International Maritime Organisation’s decarbonisation targets of halving annual greenhouse gas (GHG) emissions from international shipping by 2050.”

The UAE’s official news agency WAM said a second newbuild VLCC was due late last month, with the third and fourth vessels scheduled for delivery in the third and fourth quarters, respectively. “The vessels, built by Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, at its Okpo Shipyard in Geoje Island, South Korea, are anticipated to trade on the spot market,” it said.

Related:ADNOC Logistics & Services adds five VLGCs at Jiangnan Shipyard