ADNOC L&S Expands LNG Newbuild Program to 18 Vessels with $900M Order

ADNOC Logistics and Services has ordered four LNG carriers from Jiangnan Shipyard for about $900 million, bringing its LNG newbuild program to 18 vessels, and has taken delivery of its first VLAC newbuild.

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ADNOC Logistics and Services (ADNOC L&S) is expanding its fleet with a $900 million order for four liquefied natural gas (LNG) carriers placed at China's Jiangnan Shipyard. This transaction increases the company's total LNG newbuilding program to 18 vessels. The shipowner has also taken delivery of the first very large ammonia carrier (VLAC) newbuild, a key step in its fleet modernization efforts.