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ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
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OilPrice.com Daily News Update
ADNOC Logistics and Services (ADNOC L&S) has bought the supertankers, capable of carrying up to 2 million barrels of crude oil each, from Frontline Plc, according to Reuters’ sources.
In an emailed statement to Reuters, ADNOC L&S said, “We do not comment on rumours or market speculation.
ADNOC L&S continually reviews its fleet requirements and strategic growth opportunities.”
ADNOC L&S owns over 340 vessels and operates 600 chartered ships.
The crude oil production in June was the highest ever on record for the UAE, nearly double the output from March 2026 when Middle Eastern producers slashed production at the start of the Hormuz crisis.