What specific vessels has ADNOC acquired recently, and how much did they cost?

ADNOC Logistics and Services (ADNOC L&S) bought five very large crude carriers (VLCCs) from Frontline Plc for about $590 million: two 2012-built vessels at approximately $115 million each, and three 2015-built vessels at about $120 million each. Additionally, ADNOC acquired three very large gas carriers (VLGCs) for about $115 million each, and has ordered 25 to 30 new vessels—including crude tankers, LNG carriers, and LPG carriers—from various shipyards.

Why is ADNOC expanding its tanker fleet, and what operational measures has it taken amid regional shipping disruptions?

ADNOC is expanding its fleet to maintain control over its supply chain and ensure reliable crude delivery amid geopolitical disruptions in the Red Sea and the Strait of Hormuz. To address tightening tanker supply, ADNOC L&S chartered about 25 crude tankers from South Korea’s Sinokor; approximately 15 were deployed as shuttle tankers moving crude from facilities inside the Strait of Hormuz to storage terminals in Fujairah and Oman, while the rest supplied customers directly.