Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

ADNOC L&S acquires line boats

  • All six vessels contracted from Sharjah-based Albwardy Damen.
  • ADNOC L&S says it is in the midst of strategic expansion program.

DUBAI:  ADNOC Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired six line boats for critical marine services across petroleum ports in Abu Dhabi.

Line boats are multi-purpose boats used by ADNOC L&S’ Logistics and Marine Services for assisting in berthing and unberthing tankers, and handling hoses, at the oil terminals.

The company said in a statement that all six vessels are the Damen Stan Tug 1606 type and were contracted directly from Sharjah-based Albwardy Damen, as part of its commitment to boost In-Country Value across its operations.

The steel-hulled, twin-screw vessels are powered by two Caterpillar engines providing nearly 16 tons of bollard pull. With their proven design, these line boats enable ADNOC L&S to continue providing reliable and efficient operations to the Petroleum Ports Authority (PPA) in Abu Dhabi, the company said in a statement.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “The country is emerging as a global hub for maritime and shipping operations, and we continue to enhance the business environment for shipping and affiliated sectors through such targeted capital expenditure.”

Pascal Slingerland, Regional Sales Director – Middle East of Albwardy Damen, said the company has invested heavily in its UAE base with new shipbuilding and ship repair facilities so that it can support the full range of repairs and requirements during the lifetime of a vessel.

“This includes the construction of new boats in the UAE and drydocking in addition to the Damen Services Team in the UAE, which offers niche services for the maritime industry,” he said.

ADNOC L&S said it was in the midst of a strategic expansion program to offer a broader service to its customers while supporting and enabling the growth of ADNOC’s upstream production capacity and the expansion of its downstream and petrochemical operations.