Adnoc Welcomes Third LNG-Fueled VLCC in its Fleet
08.25.2023 By Tank Terminals - NEWS

August 25, 2023 [LNG Prime]- A unit of UAE’s Abu Dhabi National Oil Co (Adnoc) has taken delivery of the third LNG-fueled very large crude carrier from South Korea’s Hanwha Ocean.

 

Adnoc Logistics and Services announced the delivery of the LNG dual-fuel vessel, Arzanah, in a statement issued on August 23.

The firm said that the ship is the third of four dual-fuel VLCCs, which can also run on LNG, that will be delivered this year to support the company’s growth strategy.

Adnoc L&S took delivery of its first LNG-powered VLCC, Hafeet, in June and the second vessel, Habshan, in July.

The fourth LNG-powered VLCC is set to join the Adnoc L&S fleet in the fourth quarter.

The firm has committed about $2 billion to building more “environmentally efficient” vessels and claims it has reduced the carbon intensity of its owned fleet by more than 20 percent since 2018.

Arzanah, designed for long-haul voyages to ship crude to customers worldwide, has a length of 336 meters and a deadweight of 300,000 metric tons, carrying about 2 million barrels of crude per voyage.

The vessels, built by Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, at its Okpo Shipyard in Geoje Island, are anticipated to trade on the spot market, it said.

Besides VLCCs, Adnoc L&S is working to renew its fleet of LNG carriers and has already ordered six new vessels at China’s Jiangnan Shipyard.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

India's First Methanol Plant to be Set up in Telangana
11.21.2024 - NEWS
November 21, 2024 [Chem Analyst]- In a groundbreaking initiative, India is set to get its first m... Read More
Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firm could consider offering a ... Read More