Latest news with #ADNOCL&S
Al Etihad
26-05-2025
- Business
- Al Etihad
ADNOC L&S receives second newbuild LNG carrier 'Al Rahba' from Jiangnan Shipyard
26 May 2025 12:32 ABU DHABI (ALETIHAD)ADNOC Logistics and Services (ADNOC L&S), a global leader in energy maritime logistics and a subsidiary of ADNOC Group, has taken delivery of its second newbuild liquified natural gas (LNG) carrier, 'Al Rahba', from Jiangnan Shipyard in China. A statement to this effect was posted on the website of the Abu Dhabi Securities Exchange (ADX), where it is listed as a publicly traded company. 'The delivery marks a key milestone in ADNOC L&S's strategic fleet expansion programme, which commenced in 2022 with the awarding of contracts to Jiangnan Shipyard for the construction of six state-of-the-art LNG carriers, the statement said. The acquisition of 'Al Rahba' further strengthens the company's shipping capabilities amid growing global demand for cleaner energy a capacity of 175,000 cubic metres, 'Al Rahba' is equipped with advanced energy-efficient technologies. These include two new-generation LNG dual-fuel main engines designed to cut methane emissions by up to 50% compared to older-generation vessels, supporting ADNOC's broader commitment to environmental sustainability and operational L&S operates through three primary business units – Integrated Logistics, Shipping, and Services. The company delivers energy products and maritime solutions to more than 100 customers across over 50 countries. Its subsidiaries include 100%-owned Zakher Marine International Holdings, which is an Abu Dhabi-based owner and operator of offshore support vessels. ADNOC L&S also owns an 80% stake in Navig8, a global ship owner and commercial pools operator also offering bunkering and ship management solutions. The net capitalisation of ADNOC L&S, according to the latest ADX data, is Dh32.93 billion.
Mid East Info
22-05-2025
- Business
- Mid East Info
3rd Offshore Support Vessels Conference 2025 Concludes in Abu Dhabi with Strong Calls for Innovation and Regional Cooperation
Abu Dhabi, UAE – 22 May 2025 – The 3rd Offshore Support Vessels (OSV) Conference successfully wrapped up on 21 May 2025 at the Rixos Marina Abu Dhabi, concluding two days of in-depth discussions, knowledge exchange, and strategic networking that reinforced the UAE's leadership in offshore and maritime development. Held under the theme 'Charting New Frontiers in Offshore Innovation and Excellence,' this year's edition drew over 300 senior-level participants from across the MENA region, Europe, and Asia, including government stakeholders, shipowners, classification societies, technology providers, and EPC contractors. Organized by Great Minds Event Management, the event offered a comprehensive program covering emerging challenges and transformative opportunities shaping the OSV sector. Key topics included: Offshore fleet optimization amid fluctuating energy demands The path to IMO 2030 & 2050: decarbonization, green fuels, and emission compliance Regional shipbuilding and vessel life extension programs Smart operations and digital performance monitoring Future-readiness through training, talent retention, and safety Notable presentations were delivered by speakers from ADNOC L&S, Zamil Offshore, ABS, Wärtsilä, International Maritime Industries, and other key industry players. Panels addressed critical issues such as energy diversification, infrastructure investment, and collaborative innovation in the face of rising global and regional demand for offshore services. Beyond the technical sessions, the event featured a compact exhibition showcasing advanced vessel design, propulsion systems, safety innovations, and operational service offerings. Delegates praised the event's intimate yet impactful format, enabling high-value interactions and strategic connections. The conference also reaffirmed Abu Dhabi's position as a regional center for offshore growth, technology adoption, and sustainable energy infrastructure. Planning is already underway for the 4th Offshore Support Vessels Conference, which promises to continue the momentum and expand the conversation around innovation, investment, and collaboration in offshore marine logistics. To receive the post-event report or enquire about future participation, visit: Media Contact: Amira El-Daly Marketing Manager 📞 +971 54 406 2484 📧 amira@
Al Etihad
20-05-2025
- Business
- Al Etihad
ADNOC L&S partners with REGENT to trial high-speed electric seagliders for offshore transportation
20 May 2025 16:46 ABU DHABI (WAM)ADNOC Logistics and Services plc (ADNOC L&S), a global energy maritime logistics leader, has selected US-based REGENT's electric seaglider for a proof-of-concept trial to assess the craft's suitability for transporting personnel to and from offshore energy announcement was made at the 'Make it in the Emirates' event, currently taking place in Abu 'Viceroy' seaglider – a next-generation maritime craft – combines the speed of an aircraft with the convenience of a boat, offering high-speed, zero-emission proof-of-concept is the first phase in a potential multi-stage deployment that could see the technology incorporated more widely across ADNOC L&S's offshore logistics will manufacture its electric seagliders in the UAE. It will also provide aftermarket services such as maintenance, boosting local manufacturing capabilities and strengthening the UAE's industrial base. The proof-of-concept trial will also be managed by a UAE-based seaglider operator, delivering additional in-country value and positioning the UAE as a hub for advanced maritime Abdulkareem Al Masabi, CEO of ADNOC L&S, said, 'ADNOC L&S is committed to adopting innovative technologies that enhance the safety, sustainability and efficiency of our operations. This proof-of-concept trial with REGENT's seagliders marks an important milestone in our journey to decarbonise offshore logistics, while supporting 'Make it in the Emirates' through the development of future-ready maritime capabilities in the UAE.'The Viceroy can carry up to 12 passengers or 1,600 kilograms of cargo and is capable of speeds up to 300 kilometers per hour (180mph) for routes up to 300km. Its ability to operate in multiple modes – floating, foiling and flying – offers unique versatility and comfort for offshore with helicopters, the craft provides up to 80% lower operational costs and is equipped with advanced sensors and automated controls to ensure safe and reliable Thalheimer, Co-founder and CEO of REGENT, said, 'REGENT could ask for no better end user for seagliders in the UAE than the largest energy producer in the country and leader in innovation and sustainability. Seagliders will drastically reduce the time, cost, and emissions of offshore energy logistics, and we look forward to working together to set a new standard for the energy industry.' The proof-of-concept trial aligns with ADNOC Group's broader Net Zero by 2045 ambition and supports the UAE's strategic objectives to foster innovation, sustainability and national industrial growth.
Al Etihad
12-05-2025
- Business
- Al Etihad
ADNOC L&S plc announces $1.18 billion revenue for Q1
12 May 2025 13:38 ABU DHABI (ALETIHAD)ADNOC Logistics and Services (ADNOC L&S) plc announced on Monday financial results for the first quarter (Q1) ending March 31, 2025. ADNOC L&S revenue for Q1 was $1.81 billion (Dh4.33 billion), a 41 percent year-on-year rose by 20 percent to $344 million (Dh1.26 billion) in the same period, driven by robust performance across all business segments, sustaining the EBITDA margin at 29 profit for Q1 2025 was $185 million (Dh678 million), down 5 percent compared to Q1 2024, mainly due to lower commercial shipping rates, but up 3 percent compared to the previous evolving market conditions, ADNOC L&S' strategic diversification and resilient business model supports delivery of strong net profit and operating cash flow. The company continues to unlock additional value and efficiencies from its extensive portfolio of assets, while leveraging progressive synergies from its shipping and logistics subsidiaries, Navig8 and Zakher Marine International (ZMI).Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, "ADNOC L&S continues to deliver robust financial results and significant business growth. Our recent acquisition of 80 percent of Navig8, and the integration of their capabilities into our expansive services portfolio, further strengthens our customer offerings and international footprint, unlocking new shareholder value." "Moving forward, we will continue to deliver on our transformational growth strategy, while leveraging cutting-edge technologies and AI solutions to further enhance operational efficiencies," Al Masabi said. Revenues from the Integrated Logistics segment increased to $628 million (Dh2.307 billion), up 23 percent compared to Q1 increase was largely driven by higher revenues from Engineering, Procurement and Construction (EPC) projects including the Al Omairah Island and Hail & Ghasha projects, and improved utilisation and rates earned from Jack-Up Barges (JUBs).Integrated Logistics' EBITDA rose by 15 percent to $182 million (Dh669 million) compared to Q1 from the Shipping segment increased 87 percent to $469 million (Dh1.72 billion), compared to Q1 2024, driven primarily by the consolidation of revenue from the Navig8 tanker EBITDA increased 26 percent to $143 million (Dh527 million) compared to the same period last year, generating a robust EBITDA margin of 31 percent. Revenues from the Services segment increased 9 percent to $84 million (Dh310 million) compared to Q1 2024. EBITDA from the services segment grew 52 percent year-on-year to $18 million (Dh66 million), mainly driven by higher Borouge Container Terminal volumes and shares of profit from Integr8.
Dubai Eye
26-03-2025
- Business
- Dubai Eye
ADNOC L&S shareholders approve $273 million dividend in 2024
ADNOC Logistics & Services Plc (ADNOC L&S) announced shareholder approval of all agenda items at its Annual General Meeting, including a final dividend of $136.5 million (AED 501.3 million), bringing the 2024 full-year dividend to $273 million (AED 1,001 million). The amount is a five per cent increase year-on-year, in line with ADNOC L&S' progressive dividend policy. The final dividend, equivalent to 6.78 fils per share, will be paid to shareholders on record as of April 3, 2025. Chairman of ADNOC L&S, Dr. Sultan Al Jaber said, '2024 was a transformative year for ADNOC L&S, marked by accelerated global expansion, record financial performance, and bold strategic moves. 'We continued to strengthen our fleet and completed a pivotal $1 billion (AED 3.7 billion) acquisition of 80 per cent of Navig8, significantly enhancing our global reach and operational capabilities. Our strong performance in 2024 allowed us to deliver outstanding shareholder value, including a five percent increase in our full-year dividend, while advancing sustainability, innovation, and industry leadership.' He added that ADNOC L&S is positioned for continued growth, driven by organic expansion, strategic acquisitions, and cutting-edge technology investments. "With a growing fleet of next-generation vessels and a steadfast commitment to efficiency and sustainability, we remain focused on delivering ADNOC's energy to the world while contributing to the UAE's economic ambitions. The momentum we have built sets the stage for an even more exciting future,' Dr. Al Jaber stated. ADNOC L&S delivered exceptional financial growth, driven by strong market demand, strategic acquisitions, and operational efficiency. Revenue increased 29 per cent year-on-year to over $3.5 billion (AED 13 billion), while net profit rose 22 per cent to $756 million (AED2.7 billion). EBITDA grew 31 per cent year-on-year, reflecting ADNOC L&S' ability to scale operations while maintaining profitability. Since its 2023 IPO, the company's share price has increased by 178 per cent, significantly outperforming the ADX and strengthening investor trust in ADNOC L&S' long-term strategy.
