ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
01-08-2026 13:01 via rocketnews.com

ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping

ADNOC Logistics and Services, the shipping subsidiary of Abu Dhabi’s national oil company, acquired five very large crude carriers from Frontline Plc in a transaction valued at roughly $590 million, according to reporting based on sources familiar with the arrangement. The purchase reflects efforts to enhance the company’s capacity to transport crude oil amid regional supply chain pressures.
The UAE has substantially increased crude oil output following its departure from OPEC earli
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