Adnoc Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of UAE energy giant Abu Dhabi National Oil Company (ADNOC), has joined the "order rush" for ultra-large liquid ammonia carriers (VLACs) and LNG carriers.
Source: Hudong-Zhonghua.
According to **Feng and "LNG Prime", ADNOC L&S plans to order 6+4 ships 1750,000 cubic meters of liquefied natural gas (LNG) carriers and 4 VLAC newbuildings. Due to the tight space in the shipyard, the inquiry value of 14 new ships of Type 2 is as high as 3 billion US dollars (about 215 yuan3.1 billion yuan).
According to the report, ADNOC L&S plans to order large LNG carriers for the LNG terminal project in Al Ruwais, UAE, which is expected to be delivered by the end of 2027 or early 2028. The company has recently issued tender documents inviting Chinese and South Korean shipyards to 6+4 ships 1750,000 cubic meters of LNG carriers**, and the bidding shipyards are required to provide specific information on the relevant ship types participating in the bidding.
The new vessels will be equipped with the latest technology and are planned to be equipped with either the French GTT's Mark III Flex+ diaphragm seal system or the NO96 Super+ diaphragm seal system, which has yet to be determined. Adnoc L&S also did not provide further information on this order.
According to industry insiders, in the field of large LNG carriers, the best in Chinese shipyards is gradually rising, and if it is equipped with energy-saving equipment such as air lubrication systems, the price of ships will further increase. In contrast, the order price of South Korean shipyards in the large LNG carrier market has basically remained at 2$600 million ships.
However, HD Hyundai Heavy Industries signed a contract with QatarEnergy in October 2023 for 17 shipsThe cost of a single ship of 40,000 cubic meters of LNG carrier is only 2$300 million, than Clarkson announced the latest shipbuilding ** (2$6.5 billion) lower by 136%。HD Hyundai Heavy Industries explained its failure to reach newbuilding** as a "discount" from mass construction. "In the process of repeated construction with the same design, materials** and the like have cost advantages, which reduces the price of the ship," the company said. The same goes for other common large-scale bulk orders. ”
In addition to the large LNG carriers, ADNOC L&S will also be one of the VLAC owners. If the order for 4 VLACs is officially placed, it will be the company's first foray into the VLAC market.
With ammonia fuel gaining traction in the global shipping industry, global shipowners are keen to order large liquid ammonia carriers. In 2023, a total of 36 new ships were ordered in the global VLAC newbuilding market, all of which were contracted by Chinese and South Korean shipyards. Since the beginning of 2024, the VLAC newbuilding market has continued to be "hot"! As of January 22, a total of 15 VLACs have been ordered worldwide in 2024, with a total value of more than 1.8 billion US dollars, all of which are undertaken by South Korean shipping companies.
It is understood that ADNOC was founded in 1971 and is a state-owned oil enterprise in the United Arab Emirates. At the end of 2016, ADNOC established ADNOC L&S by integrating its three subsidiaries.
At present, ADNOC L&S is working hard to update its LNG carrier fleet, and has placed orders for a number of 17The 50,000 cubic meter LNG carrier, with a total order value of more than US$1.2 billion, is expected to be delivered in 2025 and 2026. Equipped with the Mark III Flex membrane sealing system and partial reliquefaction system, these LNG carriers are able to meet the requirements of most LNG loading and unloading ports in the world.