Adnoc welcomes third LNG-fueled VLCC in its fleet

A unit of UAE’s Abu Dhabi National Oil Co (Adnoc) has taken delivery of the third LNG-fueled very large crude carrier from South Korea’s Hanwha Ocean.

Adnoc Logistics and Services announced the delivery of the LNG dual-fuel vessel, Arzanah, in a statement issued on August 23.

The firm said that the ship is the third of four dual-fuel VLCCs, which can also run on LNG, that will be delivered this year to support the company’s growth strategy.

Adnoc L&S took delivery of its first LNG-powered VLCC, Hafeet, in June and the second vessel, Habshan, in July.

The fourth LNG-powered VLCC is set to join the Adnoc L&S fleet in the fourth quarter.

The firm has committed about $2 billion to building more “environmentally efficient” vessels and claims it has reduced the carbon intensity of its owned fleet by more than 20 percent since 2018.

Arzanah, 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 about 2 million barrels of crude per voyage.

The vessels, built by Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering, at its Okpo Shipyard in Geoje Island, are anticipated to trade on the spot market, it said.

Besides VLCCs, Adnoc L&S is working to renew its fleet of LNG carriers and has already ordered six new vessels at China’s Jiangnan Shipyard.

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