Abu Dhabi National Oil Company’s (ADNOC) shipping and maritime logistics arm ADNOC Logistics & Services (ADNOC L&S) has signed a Ship Building Contract for the construction of two 175,000 cubic meter LNG vessels at the Jiangnan Shipyard in China.
ADNOC said in a statement that “the two new vessels will join the company’s fleet in 2025 and will be crucial enablers of ADNOC’s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its LNG production capacity.”
The new-build LNG vessels are significantly larger than the current ADNOC L&S fleet of LNG vessels which have a capacity of 137,000 cubic meters each. Each of the new vessels will carry enough LNG to power 45,000 homes for a year.
The acquisition of larger, more energy-efficient vessels will allow ADNOC L&S to meet growing customer demand while improving the environmental footprint of its fleet, as per the statement.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, commented that, “The expansion and modernization of our LNG fleet will be a key enabler of ADNOC L&S’ growth strategy. This acquisition helps future-proof our fleet with more sustainable, modern vessels capable of serving our customers for the next 25 years and deepens our partnership with Jiangnan Shipyard.”
“We are extremely proud to continue our relationship with ADNOC L&S. This order for large LNG carriers is another milestone in the strategic portfolio of Jiangnan shipyard. We are committed to delivering these vessels on time, with good quality, and ensuring the highest possible customer satisfaction,” stated Mr. Lin Ou, Chairman of Jiangnan Shipyard.
The company added that “the new vessels’ engine technology will slash emissions (CO2, NOX, and SOX) and in combination with the innovative Air Lubrication System, further, reduce fuel consumption by at least 10 percent.” These vessels will also feature partial reliquefication systems, which further reduce emissions and conserve the cargo.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
