An LNG tanker. Adnoc's logistics and services subsidiary Adnoc L&S has the largest and most diversified fleet of vessels in the Middle East. Photo: Total
An LNG tanker. Adnoc's logistics and services subsidiary Adnoc L&S has the largest and most diversified fleet of vessels in the Middle East. Photo: Total
An LNG tanker. Adnoc's logistics and services subsidiary Adnoc L&S has the largest and most diversified fleet of vessels in the Middle East. Photo: Total
An LNG tanker. Adnoc's logistics and services subsidiary Adnoc L&S has the largest and most diversified fleet of vessels in the Middle East. Photo: Total

Adnoc’s logistics arm to boost fleet to meet growing natural gas demand


Fareed Rahman
  • English
  • Arabic

Abu Dhabi National Oil Company's logistics and services subsidiary Adnoc L&S signed a ship building contract for the construction of two liquefied natural gas (LNG) vessels at the Jiangnan Shipyard in China, as the company expands its shipping fleet to meet higher demand for LNG globally.

The two new vessels will join the company’s fleet in 2025 and "will be crucial enablers of Adnoc’s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its LNG production capacity”, Adnoc said in a statement on Tuesday.

Adnoc L&S has the largest and most diversified fleet of vessels in the Middle East and its trading fleet transports crude oil, refined products, dry bulk, containerised cargo, liquefied petroleum gas and LNG to global markets through its owned and chartered vessels.

Over the past 24 months, the company acquired 16 deep sea vessels, including eight very large crude carriers in 2021, adding 16 million barrels of capacity, six product tankers, which expanded the product tanker fleet capacity to over 1 million metric tonnes as well as five very large gas carriers for AW Shipping, Adnoc L&S’ joint venture company with China’s Wanhua Chemical Group.

“This acquisition helps future-proof our fleet with more sustainable, modern vessels capable of serving our customers for the next 25 years and deepens our partnership with Jiangnan Shipyard,” said Captain Abdulkareem Al Masabi, chief executive of Adnoc L&S.

Global trade in LNG rose 6 per cent to 380 million tonnes in 2021 on the back of higher demand as economies recovered from the coronavirus-induced slowdown and countries focused on cutting emissions, Shell said in its latest LNG outlook report. China, the world's second-largest economy, and South Korea, led the growth in LNG demand last year.

Adnoc's new vessels, each with a capacity of 175,000 cubic metres, are significantly larger than its current fleet of LNG vessels which have a capacity of 137,000 cubic metres each, the statement said. Each of the new vessels will carry enough LNG to power 45,000 homes for a year.

"The acquisition of larger, more energy efficient vessels will allow Adnoc L&S to meet growing customer demand while improving the environmental footprint of its fleet," the company said.

LNG turns into a colourless and non-toxic liquid when cooled to about minus 162°C temperature. The cooling process shrinks the volume of the gas, making it easy to ship and store. It can be used for cooking, heating homes, manufacturing products and fuelling commercial vehicles.

Earlier this year, Adnoc L&S signed an agreement, its second in two years, with Singapore's Atlantic Gulf & Pacific company to lease one of its LNG vessels to be used as a floating storage unit.

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Director: Jake Kasdan

Stars: Dwayne Johnson, Kevin Hart, Karen Gillan, Jack Black, Nick Jonas 

Two out of five stars 

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
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Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

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If you go

 

  • The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
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  • Promises of high, fixed or 'guaranteed' returns.
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
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Film: Raid
Dir: Rajkumar Gupta
Starring: Ajay Devgn, Ileana D'cruz and Saurabh Shukla

Verdict:  Three stars 

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Trade between the UAE and Russia reached Dh12.5 bn in 2018

More than 3,000 Russian companies are registered in the UAE

Around 40,000 Russians live in the UAE

The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023

Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
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The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

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Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

The biog

Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Updated: April 12, 2022, 9:38 AM`