ABU DHABI, UAE - Abu Dhabi Ship Building (ADSB) announced that it is building two 28-meter vessels for ADNOC Logistics and Services plc (ADNOC LS), a global energy maritime logistics leader. The order for these vessels further strengthens the relationship between ADNOC LS, a global energy maritime logistics leader, and...
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million.
ADNOC L&S boosts barge fleet
With the latest acquisition, the firm now owns 39 JUBs.
ADNOC L&S gets new VLCC
VLCCs carry almost 2 million barrels of crude per voyage.
ADNOC increases size of logistics unit’s IPO by 4% on high demand
Abu Dhabi, UAE --Abu Dhabi National Oil Company (ADNOC) Monday said it has increased by the number of shares offered in the initial public offering (IPO) of ADNOC Logistics and Services by 4 percent on high investor demand across all tranches. ADNOC will now offer 1.40 billion ordinary shares, equivalent...
ADNOC Logistics acquires Zakher
The financial details of the transaction were not disclosed.
