Abu Dhabi National Oil Company’s (ADNOC) maritime arm ADNOC Logistics & Services (L&S) has acquired its third Ultramax bulk carrier (Al Karama) after acquiring two Ultramax carriers earlier this year.
Al Karama, with its deadweight of 64,000 metric tons, will be put to use instantly on the trading routes, including the transport of sulfur from facilities in Ruwais, Abu Dhabi, to global customers. The new Ultramax bulk carrier will be part of ADNOC’s Ultramax dry bulk fleet which already includes; the Motor Vessel Al Dhafra and Motor Vessel Al Wathba.
Abdulkareem Al Masabi, CEO of ADNOC L&S stated during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) that “the addition of these modern bulk carriers to our fleet is a key milestone in the delivery our growth plans. The vessels will increase ADNOC L&S’ regional presence and will enable allow us to explore more cargo options outside the United Arab Emirates (UAE) market.”
The company has also acquired a smaller class of bulk carrier, MV Ghantout, with a capacity of 23,000 metric tons. It will be utilized to transport calcined petcoke from ADNOC’s Ruwais terminal to Jebel Ali and Khalifa Port in the UAE. It should be noted that all four vessels have increased ADNOC L&S’s bulk cargo tonnage by 214,000 metric tons.