ADNOC L&S Orders Three VLGCs for $324M

ADNOC Logistics & Services (ADNOC L&S) has ordered three 90,000-cubic-meter Very Large Gas Carriers (VLGCs) for a total investment of $324 million.

The three newbuilds are scheduled for delivery in the second half of 2029, ADNOC L&S said.

Upon delivery, the VLGCs will be deployed under seven-year contracts with ADNOC Global Trading.

The investment is also valued at $324 million (AED 1.19 billion), according to ADNOC L&S.