World News
ADNOC L&S Orders Two Additional LNG Carriers
UAE-based ADNOC Logistics & Services has ordered two additional LNG carriers at China’s Jiangnan Shipyard for a combined $444 million.
The company exercised options for the 175,000 m3 vessels, which are due for delivery in 2029, it said in an announcement on Tuesday.
The latest order takes ADNOC L&S’s LNG carrier fleet to 24 vessels.
This includes four legacy ships, six next-generation carriers delivered since the fourth quarter of 2024 and 14 vessels currently under construction.
The company said it has now announced around $2.7 billion in vessel acquisitions and newbuilding commitments this year.
The two new carriers are expected to be placed on long-term charters once delivered.
It has not specified when the vessels will be delivered.
ADNOC L&S had taken delivery of an LNG carrier from Jiangnan Shipyard in April.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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