26 C
Dubai
Tuesday, February 11, 2025
spot_img

Adnoc Logistics gets 8 jack-up barges, increasing fleet by 25%

Adnoc Logistics & Services Plc (Adnoc L&S), a global leader in energy maritime logistics, has acquired eight self-propelled jack-up barges (JUBs) through its subsidiary, Zakher Marine International (ZMI) Holdings.

This expansion boosts Adnoc L&S’ JUB fleet from 31 to 39, solidifying its position as one of the largest JUB fleet owners and operators in the GCC region. This expansion comes at a time of robust JUB charter rates due to high offshore services demand.

The new JUBs include two newbuild and four second-hand purchases, along with the chartering of two newbuild JUBs. One of these barges will serve the Iraqi market, marking Adnoc L&S’ entry into a new market and supporting regional growth. These versatile JUBs are designed to offer various well services, including offshore field operations, maintenance, and accommodation.

Increased demand for JUBs is being driven by the growth in offshore energy production, particularly in shallow water fields and the offshore wind sector. These new additions will create added value for Adnoc L&S as it expands its geographical presence by exploring new markets.

Captain Abdulkareem Al Masabi, CEO of Adnoc L&S, expressed, “The addition of these self-propelled jack-up barges to our growing integrated logistics and shipping fleet aligns with our ambitious smart growth strategy, enabling us to provide a broader range of services to our customers and unlock new and sustainable value for Adnoc L&S as we venture into new markets.”

Adnoc L&S’s acquisition of ZMI Holdings in 2022 has been instrumental in enhancing its offshore fleet, extending its regional footprint, and creating opportunities for expansion with a recognized industry partner.

Ali El Ali, CEO of ZMI Holdings, commented, “A UAE-born business, ZMI Holdings is one of the largest players in the GCC region’s maritime logistics. Our extensive fleet of jack-up barges and offshore support vessels enables us to offer best-in-class maritime logistics services to the offshore production and wind sectors. With our established presence in Saudi Arabia, Qatar, and now Iraq, we are strategically positioned to further expand our operations across Asia and explore new markets.”

Next Article

Related Articles

Albeesmart Interior Turnkey Solution: Revolutionizing Interior Design with Innovation

Founded by Alban Dickqrose, Albeesmart Interior Turnkey Solution is a company driven by a passion for transforming spaces into aesthetically appealing, functional environments. The Spark...

Relaxopod Systems India: Pioneering Floatation Therapy in India

Imagine a place where stress melts away, the mind finds stillness, and the body rejuvenates—without the need for pharmaceuticals or elaborate treatments. This is...

The Resilient Journey of Subhendra Basu: Innovation in Cybersecurity

Subhendra Basu’s career trajectory is a powerful story of resilience, perseverance, and intellectual curiosity. With over 24 years of experience across major technology companies...

From Struggles to Success: The Inspiring Journey of Sagnik Jaiswal

Sagnik Jaiswal’s story is not just about professional success; it’s a tale of resilience, reinvention, and the relentless pursuit of dreams. From days of...

Saltbuzz: Revolutionizing Marketing with Creativity and Innovation

Saltbuzz, founded by Tanvi Ahuja, is a cutting-edge startup redefining how brands engage with their audiences. Driven by a passion for digital innovation and...

Latest Articles