Page 14 - MEOG Week 46 2022
P. 14

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
   9   10   11   12   13   14   15   16   17