ADNOC L&S signs contracts worth $4.4bn for 23 supertankers, state news agency (updated)

Samsung Heavy Industries

07/11/2024 13:21

(Adds more details)
       CAIRO, Nov 7 (Reuters) - ADNOC Logistics & Services
 ADNOCLS.AD  signed contracts worth $4.4 billion to build 23
supertankers for ethane, ammonia and liquefied natural gas, the
UAE's state news agency reported on Thursday.
    ADNOC's CEO Abdulkareem Al Masabi said the company through
its AW Shipping joint venture awarded contracts worth $1.9
billion to build nine Very Large Ethane Carriers (VLECs) and
four Very Large Ammonia Carriers (VLACs) with Jiangnan Shipyard
in China.
    ADNOC L&S also signed contracts worth $2.5 billion with
Korea’s Samsung Heavy Industries and Hanwha Ocean to build up to
10 LNG carriers, further enhancing its ability to meet global
demand for low-carbon energy, CEO also said.

 (Reporting by Ahmed Tolba and Clauda Tanios. Editing by Jane
Merriman)
 ((ahmed.tolba@thomsonreuters.com; +20223948100;))