ADNOC L&S Signs Contracts Worth $4.4bn for 23 Supertankers, State News Agency
11.08.2024 By Tank Terminals - NEWS

November 08, 2024 [Reuters]- ADNOC Logistics & Services signed contracts worth $4.4 billion to build 23 supertankers for ethane, ammonia and liquefied natural gas, the UAE’s state news agency reported on Thursday.

 

ADNOC’s CEO Abdulkareem Al Masabi said the company through its AW Shipping joint venture awarded contracts worth $1.9 billion to build nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs) with Jiangnan Shipyard in China.

ADNOC L&S also signed contracts worth $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, CEO also said.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 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

BP Partners with Palantir for AI Tech
11.21.2024 - NEWS
November 21, 2024 [Tank Storage]- Palantir Technologies and BP have announced an enterprise agree... Read More
Aramco, Rongsheng Petrochemical Ink Deal to Progress Saudi Refinery Project
11.20.2024 - NEWS
November 20, 2024 [Rigzone]- Saudi Arabian Oil Co. (Aramco) and Rongsheng Petrochemical Co. Ltd. ... Read More
Stolthaven Terminals Expands in Malaysia to Boost Efficiency and Capacity For Customers
11.20.2024 - NEWS
November 20, 2024 [Stolt-Nielsen]- Stolthaven Westport held an event earlier this month to celeb... Read More
Open Season For CHANE’S Rotterdam Ammonia Import Terminal Development
11.20.2024 - NEWS
November 20, 2024 [Storage Terminals Magazine]- Chane has announced the next phase of decision-ma... Read More