SHIP SHOPPING

ADNOC spends $2.7 billion to buy new ships amid Iran conflict

Owning ships has become a strategic advantage for ADNOC as attacks in the Gulf and the Red Sea disrupt traffic and send freight rates soaring

ADNOC L&S Website

ADNOC Logistics & Services LNG carrier

After attacks on at least 16 of its ships over the past six months of conflict with Iran and Yemen’s Houthis, ADNOC is making a major investment to enlarge its fleet and move more of its energy supplies around...