December 4, 2023

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ADNOC L&S deploys 5 Very Giant Fuel Carriers to fulfill rising international fuel demand

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“As pure fuel performs a important position as a decrease carbon-intensity gasoline for the vitality transition, the addition of those new-build, lower-emission vessels to ADNOC L&S’ rising fleet of over 800 owned, operated and chartered vessels, represents one other necessary milestone as we bolster our capability to capitalize on rising international vitality demand,” mentioned Captain Abdulkareem Al Masabi, CEO of ADNOC L&S and Chairman of AW Transport. “Pure fuel is taking part in an more and more necessary position within the international vitality panorama and ADNOC L&S is increasing its fuel fleet to serve buyer demand, whereas decreasing the carbon depth of our vessels.”

AW Transport will personal and function the VLGCs, transporting LPG cargoes sourced from ADNOC and different international suppliers to Wanhua’s manufacturing bases in China and all over the world. AW Transport was fashioned in 2020 to help a 10-year LPG provide contract, signed in 2018 between ADNOC and Wanhua.

Wanhua Chemical Group CEO Kou Guangwu mentioned, “The AW Transport three way partnership has added nice worth to each Wanhua and ADNOC L&S by optimizing the provision chain. Along with ADNOC L&S, we’re strongly dedicated to the longer term growth of AW Transport.”

Jiangnan Shipyard, which delivered the VLGCs, can be constructing liquefied pure fuel (LNG) carriers for ADNOC L&S, scheduled for supply in 2025 and 2026. This reveals ADNOC’s dedication to increasing its fuel fleet to fulfill rising buyer demand whereas decreasing the carbon depth of its vessels.

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