ADNOC Logistics & Services has announced a landmark USD 1.3 billion investment to acquire 11 modern vessels, comprising six Very Large Crude Carriers and five Very Large Gas Carriers. Scheduled for delivery across the third and fourth quarters of 2026, the strategic purchase expands the company’s total VLCC and VLGC fleets to 14 and 12 respectively. This fleet expansion reinforces ADNOC L&S’ capacity to support international energy trade, scale operational flexibility, and drive sustainable shareholder value.
Abu Dhabi | August 7, 2026 – ADNOC Logistics & Services plc (ADNOC L&S), a global leader in integrated maritime logistics for the energy sector, has officially announced a massive USD 1.3 billion (AED 4.8 billion) investment to acquire 11 modern vessels.
The strategic transaction includes five Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs). This major capital deployment is designed to rapidly scale up the company’s crude oil and gas shipping capacity, providing robust structural backing for the ADNOC Group’s integrated value chain and its aggressive growth strategy across production, trading, and global export markets.
Strategic Fleet Scaling & Delivery Timelines
To capitalize on near-term market momentum and immediately service expanding trade requirements, the acquisition timeline has been split across the third and fourth quarters of 2026:
- Q3 2026 Deliveries (Secondary Market): Nine of the newly acquired vessels, comprising six VLCCs and three VLGCs, have been secured on the secondary market. These ships are slated for delivery in the third quarter and will enter active service with ADNOC immediately upon handover.
- Q4 2026 Deliveries (Newbuild Resales): The remaining two VLGCs are state-of-the-art newbuild vessels acquired via a resale transaction from a premier Chinese shipyard, with official delivery scheduled for the fourth quarter.
Following the completion of these deliveries, ADNOC L&S aggregate fleet posture will experience a sharp elevation, bringing its total VLCC count to 14 and its VLGC count to 12.
Executive Insight
Commenting on the landmark transaction, Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, emphasized the disciplined nature of the firm’s overarching strategy:
“This USD 1.3 billion investment reflects the disciplined execution of our growth strategy and our commitment to building world-class maritime logistics capabilities for the energy sector. By adding 11 vessels, we are expanding our capacity to support ADNOC’s growing exports, serve customers in key markets and capture opportunities in international energy trade. Our strong financial position and cash generation enable us to invest in growth and deliver sustainable shareholder value.“
Market analysts note that the deployment significantly elevates the company’s platform scale, operational flexibility, and structural resilience, positioning it to harvest immediate earnings potential amid a booming global maritime energy trade.
About ADNOC Logistics & Services
ADNOC Logistics & Services plc (listed on the Abu Dhabi Securities Exchange under the ticker ADNOCLS / ISIN: AEE01268A239) is an Abu Dhabi-headquartered global powerhouse delivering integrated maritime logistics solutions to the energy vertical. Operating across three core business pillars, Integrated Logistics, Shipping, and Services, ADNOC L&S supplies comprehensive energy products and maritime solutions to over 100 clients spanning more than 50 countries. The company’s powerhouse subsidiary network features key strategic assets, including:
- Zakher Marine International Holdings (100% ownership): A preeminent Abu Dhabi-based owner and operator specializing in self-propelled offshore support vessels.
- Navig8 (80% ownership): A renowned global ship owner, commercial pools operator, and established provider of end-to-end bunkering and ship management solutions.
Source: Adnoc L&S