ADNOC L&S acquires three Ultramax carriers to bolster dry bulk fleet
ADNOC Logistics & Services (L&S), the maritime arm of ADNOC, has announced the acquisition of an Ultramax bulk carrier (Al Karama), following the acquisition of two Ultramax carriers earlier this year.
The Al Karama bulk carrier vessel was built in 2019 and has a deadweight of 64 000 t. It will immediately be deployed on key ADNOC L&S trading routes, including the transport of sulphur from facilities in Ruwais, Abu Dhabi, to global customers.
The Al Karama joins the Motor Vessel Al Dhafra and Motor Vessel Al Wathba, which were built in 2019 in Japan, as part of the ADNOC L&S Ultramax dry bulk fleet. These vessels play an important role in delivering products to ADNOC customers around the world and, in particular, service the long-term sulfur supply agreement signed between ADNOC and OCP Morocco, one of the world’s largest sulfur importers.
Speaking at this year’s virtual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Abdulkareem Al Masabi, Chief Executive Officer of ADNOC L&S said:
“The addition of these modern bulk carriers to our fleet is a key milestone in the delivery our growth plans. The vessels will increase ADNOC L&S’ regional presence and will enable allow us to explore more cargo options outside the UAE market.
“As we continue to invest in our shipping fleet to service our global network of customers, we remain focused on delivering a safer and smarter growth strategy in shipping, driving growth opportunities and creating value for ADNOC, Abu Dhabi and the UAE.”
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/12112020/adnoc-ls-acquires-three-ultramax-carriers-to-bolster-dry-bulk-fleet/
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