UNITED ARAB EMIRATES —Abu Dhabi-based shipping and maritime logistics provider ADNOC Logistics & Services plc has committed USD 324 million (AED 1.19 billion) to expand its gas transportation fleet with three newly ordered Very Large Gas Carriers (VLGCs). Each vessel will feature a capacity of 90,000 cubic meters. The newbuilds are scheduled for delivery during the second half of 2029, after which they will be deployed under a long-term, seven-year charter arrangement with ADNOC Global Trading.
This fleet expansion reinforces energy transportation logistics across the Middle East and global trade routes, providing the infrastructure needed to meet international demand for liquefied petroleum gas and related energy commodities. The multi-year commitment with an integrated trading partner secures long-term utilization for the new vessels, stabilizing revenue streams within the maritime shipping sector.
The investment reflects broader capital deployment strategies among regional state-backed logistics entities aiming to vertically integrate energy production, trading, and maritime transport. By expanding dedicated carrier capacity, the company enhances supply chain reliability and expands operational control over energy export logistics across key global markets.
ADNOC Logistics & Services plc is a UAE-based maritime logistics and energy shipping company listed on the Abu Dhabi Securities Exchange (ADX). The organization provides integrated logistics, shipping, and offshore support services for the global energy sector.
