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Abu Dhabi National Tanker Co News

24 Mar 2023

ADNOC Eyes June Listing of Marine & Logistics Unit

©ADNOC

State oil giant Abu Dhabi National Oil Co (ADNOC) plans to float its marine and logistics subsidiary in the coming months, two sources said, the second initial public offering of one of its businesses this year.ADNOC, which raised $2.5 billion from listing its gas business in March, is gearing up for a June listing of ADNOC Logistics & Services (ADNOC L&S), said the sources, declining to be named as the matter is not public.HSBC was appointed as joint global coordinator on the syndicate this week…

22 Nov 2021

ADNOC Weighs IPO of Logistics, Marine Services, and Shipping Unit

State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public.A deal could follow after testing investor appetite and market conditions, they said.ADNOC declined to comment when contacted by Reuters on Sunday.Gulf oil producers are looking at sales of stakes in energy assets…

29 Oct 2010

ADNATCO Receives New Bulk Carrier

According to a report on MENAFN - Khaleej Times, the Abu Dhabi National Tanker Co. (ADNATCO) has taken delivery of a new bulk carrier dubbed MV Shah, the first of 15 new vessels to be delivered in the coming year. The 37,000 dwt Hyundai MIPO-built handy-size carrier will reportedly be used to carry sulphur on behalf of ADNOC (Source: MENA FN.com)