In addition to expanding its fleet, ADNOC L&S is also increasing its use of artificial intelligence (AI) to improve operational efficiency and reduce carbon emissions. The company recently entered the Engineering, Procurement, and Construction (EPC) sector with a $975 million contract to build an artificial island and is expanding its global presence with the acquisition of Navgi8, which will add 32 tankers to its fleet and extend its reach to 15 locations across five continents.
Key takeaways:
- ADNOC Logistics & Services has signed contracts worth $4.4 billion to build 23 new supertankers for transporting low-carbon fuels like ethane, ammonia, and liquefied natural gas (LNG).
- The company's joint venture, AW Shipping, has signed a $1.9 billion deal with China’s Jiangnan Shipyard to build nine Very Large Ethane Carriers (VLECs) and four Very Large Ammonia Carriers (VLACs).
- ADNOC L&S is also investing $2.5 billion to build up to 10 LNG carriers with South Korean shipbuilders Samsung Heavy Industries and Hanwha Ocean.
- The company is expanding its use of artificial intelligence (AI) to improve operational efficiency and lower carbon emissions, claiming that using AI has already reduced delivery times by 60% and carbon emissions in logistics by 30%.