ADNOC Logistics and Services has announced the acquisition of five Very Large Gas Carriers and six Very Large Crude Carriers for a combined investment of approximately US$ 1.3 billion, equivalent to AE$ 4.8 billion. The acquisition will rapidly expand ADNOC L&S’s gas and crude oil shipping capacity and support ADNOC Group’s integrated value chain and continued growth in production, trading and export volumes. Nine of the eleven vessels, comprising six VLCCs and three VLGCs, have been acquired on the secondary market and are scheduled for delivery in the third quarter of 2026, entering service with ADNOC immediately upon delivery. The remaining two VLGCs are newbuild vessels acquired through a resale transaction from a leading Chinese shipyard, with delivery scheduled for the fourth quarter of 2026. Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, described the investment as a reflection of disciplined execution of the company’s growth strategy and its commitment to building world-class maritime logistics capabilities for the energy sector. He highlighted the acquisition’s role in expanding capacity to support ADNOC’s growing exports, serve customers in key markets and capture opportunities in international energy trade, underpinned by the company’s strong financial position and cash generation capability. The transactions are expected to provide near-term operational and earnings potential while increasing the scale, flexibility and resilience of ADNOC L&S’s shipping platform. The post ADNOC acquires 11 vessels to accelerate fleet expansion appeared first on Container News .