Latest news with #ADNOCL&S
Al Etihad
3 days ago
- Business
- Al Etihad
ADNOC L&S Q2 revenue up 40% YoY to $1,258 million
12 Aug 2025 11:01 ABU DHABI (WAM) ADNOC Logistics and Services plc (ADNOC L&S) on Tuesday reported record-breaking second-quarter (Q2) and first-half (H1) results for 2025, surpassing market expectations and demonstrating resilience and operational strength in a volatile L&S's Q2 revenue increased by 40 percent year-on-year (YoY) to US$1,258 million (Dh4,618 million) with EBITDA growing 31 percent YoY to $400 million (Dh1,470 million).Net profit for the quarter grew 14 percent YoY to $236 million (Dh866 million).In H1 2025, the company's revenue was $2,439 million (Dh8,957 million), a 40 percent YoY increase. EBITDA rose by 26 percent YoY to $744 million (Dh2,732 million), driven by robust performance across all business segments, sustaining EBITDA margin at 30 profit for H1 2025 was $420 million (Dh1,544 million), up 5 percent YoY, and up 18 percent compared to H2 L&S's diverse and resilient business model enabled the company to deliver strong net profit and operating cash flow despite challenging shipping charter rate environments in Gas, Tankers, and Dry by strong performance in its core business segments and improving margins, ADNOC L&S has upgraded its full-year guidance, expecting faster growth due to continued momentum and enhanced operational efficiency across key company continues to enhance value and streamline operations across its diverse asset portfolio, while advancing integration and innovation through its shipping and logistics subsidiaries, Navig8 and Zakher Marine International (ZMI).CEO of ADNOC L&S, Captain Abdulkareem Al Masabi, said, 'We are proud to report our highest-ever quarterly results, underscoring the strength of our growth strategy and our ability to capitalise on diversified opportunities across our Integrated Logistics, Shipping, and Services segments."He added that this record-breaking performance reflects ADNOC L&S's continued outperformance of market expectations, driven by robust cash flows, strategic partnerships, and operational Masabi said the integrated logistics segment delivered a solid performance, with revenues rising 22 percent YoY to $1,293 million (Dh4,748 million), reflecting strong demand and strategic growth in key areas. As a result, EBITDA rose by 27 percent YoY to $420 million (Dh1,542 million), highlighting the segment's significant contribution to the company's overall strong, profitable growth was mainly driven by continued strong utilisation and rates on Jack-up Barges (JUBs), improved profitability on the Integrated Logistics Solution Platform, and increased chartering activity beyond the ILSP. Additionally, Engineering, Procurement and Construction (EPC) projects, including the G-Island and Hail & Ghasha, contributed to strong revenue the shipping segment, it demonstrated exceptional growth, with revenues surging 89 percent YoY to $981 million (Dh3,602 million). This performance was primarily driven by the consolidation of revenue from the Navig8 tanker fleet, marking a key milestone in the company's strategic EBITDA increased by 25 percent YoY to $290 million (Dh1,067 million), despite substantially weaker market conditions than H1 2024, reflecting strong operational execution. A robust EBITDA margin of 30 percent reinforces ADNOC L&S's ability to generate strong value even in less buoyant services segment continues to extend ADNOC L&S's diversified business model, with revenues rising 4 percent YoY to $165 million (Dh607 million). EBITDA grew 22 percent YoY to $33 million (Dh121 million), primarily driven by higher volumes at the Borouge Container Terminal and the share of profit from Navig8's bunkering business (Integr8).
Al Etihad
11-06-2025
- Business
- Al Etihad
Borouge, ADNOC L&S enter $531 million partnership to accelerate UAE petrochemical exports
11 June 2025 09:49 ABU DHABI (WAM) Borouge Plc and ADNOC Logistics & Services Plc (ADNOC L&S) have entered a 15-year strategic partnership that will support a significant increase in the production and export of petrochemicals from the mutually beneficial service agreement will deliver a minimum guaranteed value of $531 million (Dh1,950 million), supporting the next phase of Borouge's accelerated growth plans, driving operational cost savings over the full contract term, realising more than $50 million in cost savings and efficiencies in the first five years alone, and enhancing the company's supply chain agreement covers port management, container handling, and feeder container ship services for the Borouge Container Terminal in Al Ruwais Industrial City, Abu L&S will manage the transportation of up to 70 per cent of Borouge's annual production, which will increase significantly following the completion of the Borouge 4 plant expansion. It will deploy a minimum of two dedicated container feeder ships to transport Borouge's products from Al Ruwais to the deepwater ports of Jebel Ali in Dubai and Khalifa Port in Abu Sultan Al Suwaidi, CEO of Borouge, commented, 'This agreement builds on our long-standing collaboration with ADNOC L&S, a partnership that has been instrumental in meeting the evolving needs of our customers in high-growth markets."It brings significant benefits to Borouge; driving substantial operational cost savings and enhancing our Logistics Variable Cost (LVC), as well as complementing our existing rail operations and expanding the flexibility of our supply chain network. With the rapid increase in our production capacity, we are advancing our capabilities in delivering differentiated products and solutions efficiently, while keeping pace with rising global demand."As Borouge plans to ramp up production capacity by 1.4 million tonnes per annum by the end of 2026 through its Borouge 4 mega project, Borouge will become the world's largest single-site polyolefin partnership with ADNOC L&S will further enhance Borouge's supply chain efficiency as well as reinforce ADNOC L&S' commitment to delivering innovative, integrated supply chain solutions that enhance trade, strengthen industrial resilience, and support the UAE's vision for economic diversification and global Abdulkareem Al Masabi, CEO of ADNOC L&S, said, 'This comprehensive container terminal agreement marks a major milestone in our successful partnership with Borouge, delivering on ADNOC L&S' strategy to provide seamless, end-to-end logistics solutions that power the UAE's industrial growth and export leveraging our extensive maritime and logistics expertise, we are ensuring that Borouge's world-class petrochemical products reach global markets efficiently and competitively.'ADNOC L&S' integrated logistics capabilities include managing container terminal operations, feeder services, and logistics solutions to meet increasing global demand. The agreement comes as ADNOC L&S continues to grow its international presence, providing comprehensive logistics solutions for global customers across various sectors.
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.
