Adnoc Logistics and Services today (June 20) took delivery of a newbuild Very Large Crude Carrier (VLCC), Hafeet.

 

The vessel is the first of four dual-fuel engine VLCCs, which can also run on Liquified Natural Gas (LNG), that will be delivered this year to support the company’s smart growth strategy. 

 

Adnoc L&S said it has committed approximately $2 billion to build more environmentally efficient vessels and has reduced the carbon intensity of its owned fleet by more than 20% since 2018.

 

CEO Captain Abdulkareem Al Masabi said the addition of Hafeet, the first of four newbuild VLCCs to the group's expanding fleet, will increase its energy transportation capacity.

 

"Our strategic investment in new, environmentally efficient vessels reinforces our commitment to more sustainable shipping and to decreasing the carbon intensity of our operations. We continue to work towards meeting the International Maritime Organisation’s decarbonistion targets of halving annual greenhouse gas (GHG) emissions from international shipping by 2050," he noted.

 

VLCC Hafeet, designed for long-haul voyages to ship crude to customers worldwide, has a length of 336m and a deadweight of 300,000 MT, carrying approximately 2 million barrels of crude per voyage.

 

The company’s second newbuild VLCC will be delivered later this month, with the third and fourth vessels scheduled for delivery in Q3 and Q4 2023, respectively. 

 

The vessels, built by Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, at its Okpo Shipyard in Geoje Island, South Korea, are anticipated to trade on the spot market.-TradeArabia News Service