~4.65m barrels capacity of oil per day
11.5bcf of natural gas per day
Our 2030 Sustainability Strategy test
Our 2030 Sustainability Strategy test
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We believe we are a key enabler of the global flow and export of energy commodities, in particular the oil and gas production in the UAE which is managed by ADNOC Group.
As the logistics service provider of choice to ADNOC Group, ADNOC Logistics & Services provides critical and highly specialized services across ADNOC’s entire value chain.
Our offshore energy logistics services are vital to enabling offshore production of oil in the UAE while our marine services help to ensure uninterrupted operations of the petroleum ports in Abu Dhabi and safety of sea operations through oil spill response hazardous and noxious substances response operations.
The Company’s business strategy going forward is underpinned by ADNOC’s global growth strategy and plans to accelerate its targets relating to the production and processing capacity growth, international expansion and low carbon solutions.
ADNOC Logistics & Services provides fully-integrated, end-to-end services in the global energy maritime logistics industry through its three key business units: Integrated Logistics, Shipping and Marine Services.
Our Integrated Logistics business unit provides onshore and offshore services, including a wide range of services relating to the offshore logistics sector, such as jack-up barges services, supply services and personnel transportation, diving support in addition to other services, such as packaging, container terminal operations, jetty services and operations, and warehousing and material management, all of which are critical to the commodity supply chain.
We operate five logistics bases, and warehouses in Mussafah, Ruwais, Riash and Fujairah.
We provide our services at what we believe are world-class infrastructure bases, such as the KEZAD Gateway in the UAE, the terminal handling at the Khalifa Port, and warehousing services through one of the largest single warehouses in the Middle East region.
We own and operate a fleet of 31 high-quality, best-in-class specification jack-up barges (of which 23 are owned and eight are operated) and 101 owned offshore support and passenger transport vessels (and additional approximately 90 operated vessels).
The Company’s high-quality fleet strengthens our position as one of the largest shipping and integrated energy logistics companies and provides us with growth opportunities both in the UAE and internationally.
The Company’s shipping business unit operates one of the largest diversified shipping fleets in the GCC region, comprising more than 500 modern and technologically advanced vessels.
ADNOC Logistics & Services operates what it believes is the largest oil spill and hazardous and noxious substances response responders in the UAE under its Marine Services business units, which a fleet of 65 specialized vessels.
The Company’s long-term contractual framework with its anchor client underpins its revenue and cash flows.
This framework helps the company achieve high returns with limited variability.
All contracts with ADNOC Group companies are negotiated on an arms-length basis and go through our internal approval procedures to ensure that the opportunity is in the Company’s best interest and aligned with our strategy.
The Company’s senior management team has significant years of professional experience in the maritime logistics and shipping industry and a track record of successfully managing and integrating key projects.
The combination of industry and regional expertise has allowed the Company to develop long-standing working relationships with commercial partners, regulators and other key stakeholders.
ADNOC and the UAE have made significant investments in the energy sector and are expected to continue to do so, with ADNOC announcing in late 2022 its $150 billion investment program for the five-year period 2023 to 2027 (inclusive).
These investments are expected to serve as a major growth catalyst for ADNOC Logistics & Services, providing numerous opportunities to the business both directly and indirectly.
ADNOC's sizable investment program aims to deliver transformative steps to make the lower carbon intensity energy that the world requires available today, while investing in the clean energies of tomorrow.
As the logistics and maritime service provider of choice to ADNOC Group companies, ADNOC Logistics & Services is well positioned to benefit from ADNOC's growth strategy.
The Company’s strategy envisages maximizing its share of ADNOC's targeted logistics spend, hence increasing volumes, services and their owned fleet in order to deliver added operational efficiencies.
We believe it is critically important for our business activities to be carried out in a sustainable, socially conscious, and environmentally responsible manner, and as such, we seek to place ESG policies and strategy at the core of our business.
ADNOC Logistics & Services believes it is a sustainability leader for the UAE’s maritime and logistics ecosystem, and aims to contribute to the UAE’s 2050 Net-Zero target in line with the International Maritime Organization’s decarbonization targets. The company aims to lower the annual greenhouse gas emissions from international shipping by at least half by 2050 (compared with the 2008 levels) and to reduce carbon intensity of international shipping, in particular to lower the carbon dioxide emissions per transport by at least 40% by 2030 while aiming towards 70% by 2050 compared to 2008.
The Company has invested or committed approximately $2 billion in environment-friendly, new-build vessels with scheduled delivery dates between 2023 and 2026. The Company has also reduced the fuel consumption of its LNG fleet in 2015 by 40% compared to 2012, and, with the delivery of our new modern vessels, expect to further significantly reduce the fuel consumption in the medium term.
We see significant potential in further leveraging and strengthening relationships with our existing clients and expanding the scope of our services to new clients.
As part of our growth strategy supported by our business plan and internal forecasting models, the Company intends to increase the scope of its international shipping services and fleet size to benefit from changing global trade patterns and forecasted growth of global oil and gas production, sulphur exports and global expansion of operations by its clients.
The Company’s growth strategy is supported by four additional new VLCC which are scheduled for delivery within 2023 and six new LNG carriers deliveries which are scheduled for delivery between 2025 and 2026, which reflects the increasing demand for LNG, especially as related to energy security, shifting logistics and the scarcity of available LNG tonnage in the long-term.
Launched in March 2023, we believe our Integrated Logistics Services Platform (ILSP) is one of the largest turnkey offshore logistics offerings in the world designed to enable coordinated end-to-end management of energy logistics and maritime operations.
We believe that our ILSP services has the potential to contribute significantly to the growth and margin expansion in our Integrated Logistics business unit in the future.
The Company aims to capture new growth areas by partnering with and supporting EPC contractors with offshore services, in particular through our jack-up barges which are required across all stages from development to decommissioning of a field, including dredging and construction of artificial islands.
As one of the largest owners and operators of self-propelled, self-elevating jack-up barges, a leading provider of offshore support vessels and subsea services in the GCC region, with operations across the UAE, KSA, Qatar and China, ADNOC Logistics & Services is well positioned to add significant value to EPC contractors given our experience, existing infrastructure and asset base.
Since 2020, we have increased our global gas shipping services through AW Shipping Limited, while our jack-up barges fleet operates in KSA, Qatar and China.
The Company intends to continue to pursue its growth strategy aimed at enlarging its geographic footprint and operations outside of the UAE opportunistically and in line with its growth strategy and targeted expansion plans while leveraging the Company’s relationship with the ADNOC Group companies.
In particular, we believe that the increasing offshore energy exploration in North Africa and the GCC region, including in Morocco, Egypt, Sudan, Jordan, Saudi Arabia and Qatar, and demand for jack-up barges and offshore marine and other services in those and other regions, including in China and the Far East, presents potential opportunities for our geographic expansion in the future.
We aim to actively explore entering into new business verticals, including services relating to decarbonization, which we believe presents further growth opportunities for our business.
The Company intends to pursue this growth strategy by focusing on various verticals, including:
Owning and operating green carriers, such as methanol and low-carbon ammonia as a carrier fuel for clean hydrogen. The Company is well positioned to support services in the low-carbon ammonia production in the UAE.
Advising clients on decarbonization, emissions abatement and other solutions with a view to growing the Company’s renewable energy services and supporting the broader decarbonization agenda. For example, the Company aims to explore marine solutions aimed at lowering gas emissions.
Exploring further opportunities and investments in the hydrogen vessels, storage and distribution sectors by leveraging Abu Dhabi’s position as a leader in hydrogen in emerging international markets.