Adnoc’s $1.3B Tanker Purchase Doubles VLCC Fleet to 14
Adnoc’s shipping arm acquires 6 VLCCs and 5 product carriers, nearly doubling its crude hauling capacity to 14 supertankers, as it ramps up exports through the risky Strait of Hormuz post-OPEC exit. The investment underscores a shift toward self-sufficiency in maritime logistics amid tightened vessel supply and war risks.