Abu Dhabi’s ADNOC Logistics & Services (ADNOC L&S) is investing $1.3 billion (AED4.8 billion) to acquire 11 large tankers, marking one of its biggest fleet expansions as it strengthens its role in global energy transportation.

The investment comes as oil and gas producers seek greater control over their supply chains, with shipping becoming an increasingly important part of delivering crude oil and gas to customers around the world.

Owning more vessels gives energy companies greater flexibility when global shipping markets face disruptions.

The latest purchase also reflects continued demand for modern tanker capacity as international energy trade remains active.

For ADNOC L&S, the deal is expected to increase transport capacity while supporting earnings and improving service for customers across key export markets.

The company said the acquisition includes five Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs), expanding its VLCC fleet to 14 vessels and its VLGC fleet to 12.

Expanding crude and gas shipping capacity

Nine of the vessels—six VLCCs and three VLGCs—were purchased on the secondary market and are scheduled for delivery during the third quarter of 2026.

ADNOC L&S said the ships will enter commercial service immediately after delivery, allowing the company to quickly increase transport capacity.

The remaining two VLGCs are newly built vessels acquired through a resale agreement with a Chinese shipyard.

They are expected to be delivered in the fourth quarter of 2026, adding further capacity to the company’s growing gas shipping business.

Building a stronger energy supply chain

ADNOC L&S said the acquisition will provide near-term operational and financial benefits while increasing the scale and flexibility of its shipping business.

The additional vessels are expected to support the company’s ability to meet customer demand across international markets.

The expansion also forms part of ADNOC’s broader effort to strengthen its energy supply chain.

By owning more of the vessels that carry its crude oil and gas, the company can move cargo more efficiently even when geopolitical tensions affect key global shipping routes.

Recent investments support long-term growth

The latest deal follows a series of investments aimed at expanding ADNOC L&S’ fleet. Last month, the company acquired five VLCCs from Frontline Plc.

It also ordered four next-generation liquefied natural gas (LNG) carriers valued at about $900 million, with construction to take place at Jiangnan Shipyard in Shanghai.

ADNOC Logistics & Services is one of the Middle East’s largest integrated maritime logistics companies, operating a fleet of more than 900 vessels.

The company provides shipping, logistics, offshore support and marine services for ADNOC’s energy operations while serving customers across international markets.

The latest acquisitions are expected to strengthen ADNOC L&S’ position in the global shipping market as demand for reliable energy transportation continues to support investment in crude oil and gas logistics.