ADNOC Logistics & Services has ordered three additional new Very Large Gas Carriers (VLGCs) for a total investment of USD 324 million, equivalent to approximately AED 1.19 billion.
Each of the three new vessels will have a capacity of 90,000 cubic metres.
The vessels are scheduled for delivery during the second half of 2029.
Following delivery, all three VLGCs will be deployed under a seven-year contract with ADNOC Global Trading.
The latest order expands ADNOC Logistics & Services’ gas carrier fleet as the company continues investing in new vessels to support its long-term shipping operations.
Source: ADNOC Logistics & Services
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
