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ADNOC L&S tanker fleet joins Navig8 poolsADNOC L&S tanker fleet joins Navig8 pools

Navig8 picks up commercial management of 20 tankers following 80% acquisition by ADNOC L&S.

Gary Howard, Middle East correspondent

January 20, 2025

2 Min Read
Image: Navig8

Navig8 has taken on the commercial management of the ADNOC L&S tanker fleet with immediate effect, following ADNOC L&S’s acquisition of 80% Navig8 for $1.04bn earlier this month.

20 tankers will join Navig8’s pools, eight VLCCs, eight LR2s, and four LR1s, in a bid to boost fleet performance and enhance value for Navig8 Group and its customers. 

Navig8 will immediately begin marketing the vessels. VLCCs Al Bahyah, Arzanah, Habshan, Hafeet, Das, Zakum, Hili, Barakah will join the VL8 pool. LR2s Abu Dhabi-Iii, Liwa-V, Al Falah, Al Ruwais, Tarif, Al Bateen, Al Khtam, and Jarnain will join the Alpha8 pool, and LR1s Bani Yas, Yamilah-Iii, Mezaira'a, and Diyyinah-I will join the LR8 pool.

Commenting on the announcement, Navig8 CEO Nicolas Busch said: "I’m thrilled that ADNOC L&S has chosen to add their vessels to Navig8’s pools, cementing the acquisition as we look forward to the next phase in the group’s expansion. The addition of these vessels highlights our close working relationship and our shared commitment to drive growth across the business.”

Captain Abdulkareem Al Masabi, ADNOC L&S CEO said: “We are delighted that we have immediately transitioned our tankers’ commercial management and are leveraging Navig8’s expertise in commercial pooling. This strategic move will not only elevate the services we offer to our expanding global customer base but also unlocks substantial value and drives new growth opportunities. We anticipate efficiencies and value by leveraging the operational synergies between both companies."

Related:Ardmore records $120m profit for 2024 despite softer Q4

ADNOC L&S’s $1.04bn acquisition of an 80% stake in Navig8 includes a commitment to acquire the remaining 20% of the company by mid-2027 for an additional sum between $335m and $450m.

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About the Author

Gary Howard

Middle East correspondent

Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. 

Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events.

Conferences & Webinars

Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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