Page 14 - MEOG Week 46 2022
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MEOG NEWS IN BRIEF MEOG
recognized partner, broadening its services underlines its commitment of investment in leading provider for integrated maritime
to include critical support assets for offshore local partnerships, reinforcing the company’s logistics solutions. Over the past 24 months,
operations, including ZMI’s maiden offshore continued role in creating value for Abu ADNOC L&S has acquired 25 deep sea
renewables project in China. Dhabi and the UAE. vessels, including eight Very Large Crude
Commenting on the transaction, Capt. Ali El Ali, CEO of ZMI, said: “We are a Carriers (VLCC), adding 16 million barrels of
Abdulkareem Al Masabi, CEO of ADNOC UAE company, first and foremost, and have capacity, six product tankers, expanding the
L&S said: “As part of our wider growth worked with ADNOC for decades to deliver product tanker fleet capacity to over 1 million
strategy, this acquisition allows ADNOC In-Country Value. Together, we cover the metric tons, five Very Large Gas Carriers
L&S to offer a broader range of services to entire offshore marine services value chain. (VLGC) for AW Shipping and six LNG
our customers, unlocking new and attractive This partnership will ultimately allow ZMI carriers.
revenue opportunities, whist leveraging ZMI’s to strengthen its position as the global leader Established in Abu Dhabi in 1984, ZMI
proven track record for operational excellence of the largest active fleet of offshore jack-up owns and operates 24 jack-up barges and 38
and commitment to health, safety and barges and support vessels.” offshore support vessels. ZMI has one of the
environment. The addition of these assets and Following the completion of the youngest fleets in the industry and employs
expertise will open new markets for ADNOC transaction, ADNOC L&S has the most over 1700 people across the United Arab
L&S, both locally and internationally, broaden diversified fleet in the Middle East, operating Emirates, Saudi Arabia, Qatar and China.
our industry-leading integrated services over 300 vessels across its shipping, offshore ZMI will continue operating as a
offering and consolidate our position as the logistics and marine services fleet. When standalone entity under ADNOC L&S, led by
region’s largest integrated logistics provider.” combined with its 1.5 million square meters Ali El Ali as CEO.
The acquisition of ZMI is the latest integrated logistics base in Mussafah and ADNOC
example of ADNOC’s ongoing strategic its comprehensive end-to-end logistics
value creation and growth program and capabilities, ADNOC L&S is the region’s
P14 www. NEWSBASE .com Week 46 16•November•2022