ADNOC has bought 11 VLCCs and VLGCs for $1.3 billion, expanding its tanker fleet to boost crude and LNG exports.

ADNOC L&S invests $1.3bn in 11 new crude and gas carriers, boosting global energy shipping capacity and supporting ADNOC’s expanding export strategy.

Nine of them were acquired on the secondary market and are scheduled for delivery in the third quarter of the year