Abu Dhabi’s ADNOC L&S acquires Zakher Marine International

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has announced that it is acquiring Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled jack-up barges.

Financial details of the transaction are not being disclosed.

Upon completion of the transaction, which is subject to customary regulatory approvals, ADNOC L&S will add 24 jack-up barges and 38 offshore support vessels from ZMI, growing its total fleet size to more than 300 units.

With the acquisition of ZMI, ADNOC L&S will broaden its services to include critical support assets for offshore operations, including ZMI’s maiden offshore renewables project in China, and extend its regional footprint, creating new opportunities for expansion with an industry-recognized partner. Meanwhile, ZMI will benefit from access to new opportunities provided as a result of ADNOC’s ambitious growth strategy, allowing it to grow and expand its existing business footprint.

Led by Ali Hassan El Ali as CEO, ZMI will continue operating as a standalone entity under ADNOC L&S.

In other news, in April, ADNOC Logistics & Services (ADNOC L&S), signed a ship building contract for the construction of two 175,000 cubic metre LNG vessels.

Read: UAE’s ADNOC L&S to acquire two new-build LNG vessels built in China

The vessels will be built at the Jiangnan Shipyard in China and join ADNOC L&S’ fleet in 2025.