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Trade & Logistics
8 August 2026
ADNOC L&S makes $1.3bn VLCC and VLGC swoop
Abu Dhabi-listed ADNOC Logistics & Services has put $1. 3bn to work on an 11-ship buying spree, picking up six VLCCs and five VLGCs through secondhand and newbuild resale deals. Nine ships – all six VLCCs and three VLGCs – have been acquired on the secondhand market and are due for delivery in the third quarter. …
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