
UAE’s Adnoc Buys $1.3 Billion of Tankers as Oil Exports Boom
Abu Dhabi National Oil Company’s shipping arm, ADNOC Logistics & Services, has agreed to acquire 11 crude oil and gas carriers for approximately $1.3 billion,
Keep track of the oil and gas tanker industry with our insightful news coverage. Stay updated on tanker markets, shipping routes, vessel technologies, and industry dynamics. Click here for the latest news on oil and gas tankers.

Abu Dhabi National Oil Company’s shipping arm, ADNOC Logistics & Services, has agreed to acquire 11 crude oil and gas carriers for approximately $1.3 billion,

India’s Reliance Industries has agreed to pay a record $23 million to $25 million to charter a supertanker for transporting Iraqi crude oil, highlighting soaring

India and Germany are close to finalizing the Rs 90,000 crore Project-75I submarine deal, with German Ambassador to India Philipp Ackermann confirming that the agreement

Two tankers carrying Saudi crude for Indian refiners have exited the Red Sea through the Bab el-Mandeb Strait by sailing dark, switching off their transponders

A consortium of US and Saudi companies is planning to build a new $5 billion refinery in the Persian Gulf, deliberately located outside the Strait

The extradition of Venezuelan president Nicolás Maduro to the United States is reshaping tanker markets, not by abruptly removing oil supply, but by altering trade

India, the third-largest oil importer in the world, intends to invest 850 billion rupees ($10 billion) to buy 112 crude transporters through 2040 in order

The International Maritime Organization (IMO) has recognized the exceptional bravery and courage of Indian seafarers in its 2024 awards for Bravery at Sea. The IMO

The mini-bulker giant, controlled by shipowner Kristian Eidesvik and his family, has booked six firm vessels for delivery in 2025 with options for eight more.

Abu Dhabi National Oil Company’s shipping arm, ADNOC Logistics &

India’s Reliance Industries has agreed to pay a record $23

India and Germany are close to finalizing the Rs 90,000

Two tankers carrying Saudi crude for Indian refiners have exited

A consortium of US and Saudi companies is planning to

The extradition of Venezuelan president Nicolás Maduro to the United

India, the third-largest oil importer in the world, intends to

The International Maritime Organization (IMO) has recognized the exceptional bravery

The mini-bulker giant, controlled by shipowner Kristian Eidesvik and his