Abu Dhabi (Etihad)
ADNOC Logistics and Services PLC announced today that AW Shipping Company, its strategic joint venture with the Chinese Wanhua Chemical Industries Group, has awarded contracts worth 918 million dirhams ($250 million) to the Chinese Jiangnan Basin to build two tankers. Two ammonia giants.
The contracts were signed on the sidelines of the opening ceremony of the first office in the Middle East for Jiangnan Shipbuilding Company in Abu Dhabi, and priority contracts were signed to build the two tankers in July 2024 in China, with the option to build two additional tankers.
Captain Abdul Karim Al Musabi, CEO of ADNOC Logistics and Services and Chairman of the Board of Directors of AW Navigation, said that these contracts confirm the commitment of AW Navigation and ADNOC Logistics and Services to contribute to meeting future demand for low-carbon energy sources such as… Ammonia, which has become increasingly important to support the energy transition, and we welcome the opening of a new office for the Jiangnan Shipyard in Abu Dhabi, which reflects the close ties between the two companies, and highlights the strong industrial relations between the UAE and China.
The capacity of the two giant ammonia tankers is 93,000 cubic meters each, making them among the largest ammonia tankers in the world. These ships are scheduled to be delivered between 2027 and 2028. The two tankers will be equipped with energy-efficient dual-fuel engines capable of operating using liquefied petroleum gas or conventional fuel.
In turn, Lin Ou, Chairman of the Board of Directors of the Jiangnan Shipyard, said that the signing of the two contracts for the construction of giant ammonia tankers enhances cooperation and friendship between ADNOC Logistics and Services, the Chinese Wanhua Chemical Industries Group, and the Jiangnan Shipyard, and represents This agreement is a joint commitment between all parties to remove carbon from industrial processes, and constitutes a strong impetus for the future transition in the energy sector. The opening of the Jiangnan Basin representative office in the Middle East will serve as a new starting point for enhancing cooperation with oil, gas and shipping companies, in addition to companies with related interests. relevance in the region, to meet market needs in the areas of energy transportation and marine equipment, while continuing to innovate and improve in multiple areas.
For his part, Qu Guangguo, President and CEO of the Chinese Wanhua Chemical Industries Group, said that the signing of two additional contracts for the construction of giant ammonia tankers through the AW Shipping Company during the opening ceremony of the Jiangnan basin representative office in Abu Dhabi reflects the group’s commitment to The strong Chinese company, Wanhua, supports the transition in the energy sector to achieve sustainable growth in the future. We value the strategic partnerships with ADNOC Logistics and Services and the Jiangnan Shipyard, as orders to build new tankers confirm our desire to strengthen and develop these relationships.
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