ADNOC’s shipping arm completes 15-vessel acquisition
Abu Dhabi National Tanker Company and National Gas Shipping Company Ltd, the shipping arm of the ADNOC have completed the acquisition of 15-vessels by taking the delivery of its last oil tanker, Khaleej Times reports.
The 105,000 tonne deadweight M.T. Liwa-V, an oil tanker, was delivered on September 30, at HHI shipyard in South Korea. It is expected to load her first cargo from the Far East, on her maiden vaoyage in laden condition.
M.T. Liwa-V and its sister ship M.V. Abu Dhabi-III, which was delivered in July, are the largest new build oil tankers delivered to Abu Dhabi National Tanker Company or ADNATCO and National Gas Shipping Company Ltd or NGSCO.
Delivery of M.T. Liwa-V marks the last of this series of new vessels and denotes the successful completion of this project, which started with the first delivery of M.V. Shah, bulk carrier, on October 26, 2010,” said Ali Obaid Al Yabhouni, General Manager, ADNATCO & NGSCO. “The major expansion of the fleet reflects the growing strategic importance attached by ADNOC and its group of companies in owning and operating their own ships and extending the energy transport to the entire hydrocarbon value chain,” he added.
“All our vessels have been employed from the day they were delivered,” said Al Yabhouni.
With the completion of the new ships, ADNATCO & NGSCO turns into a major regional shipping company with a total fleet of 30 ships including eight LNG carriers and 22 ships varying between bulk carriers, crude and products tankers and container vessels.
As the shipping arm of ADNOC, both companies own and operate a fleet of carriers for transporting LNG, petroleum products and sulfur as well as Ro-Ro, container and bulk cargo ships. It transports polyethylene produced by ADNOC’s petrochemicals subsidiary Borouge from its plant in Ruwais to global markets,
The 105,000 tonne deadweight M.T. Liwa-V, an oil tanker, was delivered on September 30, at HHI shipyard in South Korea. It is expected to load her first cargo from the Far East, on her maiden vaoyage in laden condition.
M.T. Liwa-V and its sister ship M.V. Abu Dhabi-III, which was delivered in July, are the largest new build oil tankers delivered to Abu Dhabi National Tanker Company or ADNATCO and National Gas Shipping Company Ltd or NGSCO.
Delivery of M.T. Liwa-V marks the last of this series of new vessels and denotes the successful completion of this project, which started with the first delivery of M.V. Shah, bulk carrier, on October 26, 2010,” said Ali Obaid Al Yabhouni, General Manager, ADNATCO & NGSCO. “The major expansion of the fleet reflects the growing strategic importance attached by ADNOC and its group of companies in owning and operating their own ships and extending the energy transport to the entire hydrocarbon value chain,” he added.
“All our vessels have been employed from the day they were delivered,” said Al Yabhouni.
With the completion of the new ships, ADNATCO & NGSCO turns into a major regional shipping company with a total fleet of 30 ships including eight LNG carriers and 22 ships varying between bulk carriers, crude and products tankers and container vessels.
As the shipping arm of ADNOC, both companies own and operate a fleet of carriers for transporting LNG, petroleum products and sulfur as well as Ro-Ro, container and bulk cargo ships. It transports polyethylene produced by ADNOC’s petrochemicals subsidiary Borouge from its plant in Ruwais to global markets,