ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has acquired Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, in order to expand its fleet.
Upon completion of the transaction, which is subject to customary regulatory approvals, ADNOC L&S will add 24 jack-up barges and 38 offshore support vessels from ZMI, growing its total fleet size to over 300 units.
With the acquisition of ZMI, ADNOC L&S will broaden its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China.
Furthermore, the company will extend its regional footprint and create new opportunities for expansion with an industry-recognized partner.
As per the company, ZMI will benefit from access to new opportunities provided as a result of ADNOC’s ambitious growth strategy, allowing it to grow and expand its existing business footprint.
“The financial details of the transaction are not being disclosed,” ADNOC L&S said in a statement. Zakher Marine International will continue operating as a standalone entity under ADNOC L&S, led by Mr. Ali Hassan El Ali as CEO, the company said.
ADNOC L&S has the largest and most diversified fleet in the Middle East, with more than 200 vessels transporting crude oil, refined products, dry bulk, containerized cargo, liquefied petroleum gas, and liquefied natural gas to global markets.
In April, ADNOC Logistics & Services signed a Ship Building Contract for the construction of two 175,000 cubic meter LNG vessels at the Jiangnan Shipyard in China. The two new vessels will join the company’s fleet in 2025 and will be crucial enablers of ADNOC’s 2030 growth strategy.