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Adnoc L&S + Wanhua JV places USD 250 mn order for ammonia carriers: AW Shipping — a JV between Adnoc L&S and Wanhua Chemical Group — will purchase USD 250 mn very large ammonia carriers from China’s Jiangnan Shipyard, according to a statement (pdf) released on Thursday. The carriers are considered among the largest in the world, having an individual carrying capacity of 93k meters of ammonia and are slated for delivery between 2027 and 2028.
There’s more to come: We learned Adnoc L&S is receiving LNG carriers built by Jiangnan Shipyard in 2025 and 2026 when the company added five new VLGCs to its order books back in April 2023.
ICYMI- Adnoc + Wanhua JV ordered 11 dual-fuel low carbon carriers worth USD 1.9 bn from Jiangnan Shipyard back in July, to expand Adnoc’s capacity to transport lower-carbon energy sources. The VLEC carriers will operate under a 20-year time charter contract and are expected to generate USD 4 bn in revenues.
REMEMBER- This is all part of a Adnoc L&S’ expansion spree revealed ahead of the company’s USD 769 mn IPO last year. Since then, the firm received a Hanwha Ocean-produced new-build very large crude carrier (VLCC), the Hafeet, in June 2023. Adnoc L&S also received a second newbuild dual-fuel VLCC the following month and eight self-propelled jack-up barges.
