ABU DHABI, UAE – ADNOC Logistics and Services on Tuesday announced that it has taken delivery of a newly built Very Large Crude Carrier (VLCC) Hafeet.
The vessel is the first of four dual-fuel engine VLCCs, which can also run on Liquefied Natural Gas (LNG), that will be delivered this year to support the company’s smart growth strategy.
ADNOC L&S 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 percent since 2018.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “The addition of Hafeet, the first of four newly built VLCCs, to our expanding fleet will increase our energy transportation capacity in line with our ambitious growth strategy.”
He said, “Our strategic investment in new, environmentally efficient vessels reinforces our commitment to more sustainable shipping and to decreasing the carbon intensity of our operations.”
He added, “We continue to work towards meeting the International Maritime Organization’s decarbonization targets of halving annual greenhouse gas (GHG) emissions from international shipping by 2050.”
VLCC Hafeet, designed for long-haul voyages to ship crude to customers worldwide, has a length of 336 meters and a deadweight of 300,000 metric tons, carrying approximately 2 million barrels of crude per voyage.
The company’s second 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.
