By its unit Zakher Marine Worldwide (ZMI) Holdings, ADNOC Logistics and Companies has expanded its fleet of self-propelled jack-up barges (JUBs).
The corporate stated in its media launch that it has taken supply of eight items. With this enlargement, the variety of JUBs owned and operated by ADNOC L&S has elevated from 31 to 39, reinforcing the corporate’s standing because the proprietor and operator of one of many largest fleets of JUBs within the GCC area, the corporate stated.
This enlargement comes at a time when JUB constitution charges are strong resulting from excessive demand for offshore providers, ADNOC L&S famous.
The extra JUBs embrace the acquisition of two newbuild and 4 second-hand ones, along with the chartering of two newbuild JUBs. One of many barges will serve the Iraqi market, marking ADNOC L&S’ entry into a brand new market and supporting the corporate’s regional enlargement, the corporate highlighted.
These multi-functional JUBs are designed to supply a variety of nicely providers, akin to operations, upkeep and lodging at offshore fields, the corporate stated.
“The addition of those self-propelled jack-up barges to our rising built-in logistics and delivery fleet aligns with our bold sensible development technique, enabling us to supply a broader vary of providers to our prospects and unlock new and sustainable worth for ADNOC L&S as we enterprise into new markets. ADNOC L&S is dedicated to exploring new alternatives for enlargement to proceed driving worth for our shareholders and strengthen our place because the area’s largest built-in logistics supplier,” Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, stated.
ADNOC L&S acquired ZMI Holdings in 2022 as a part of its strategic worth creation and development program. The acquisition was closed in November 2022, including 24 jack-up barges and 38 offshore help vessels to its fleet on the time. The acquisition added crucial marine help belongings to ADNOC L&S’ offshore fleet, extending its regional footprint and creating new alternatives for enlargement with an industry-recognized companion, ADNOC L&S stated.
“A UAE-born enterprise, ZMI Holdings is without doubt one of the largest gamers within the GCC area’s maritime logistics. Our in depth fleet of jack-up barges and offshore help vessels permits us to supply best-in-class maritime logistics providers to the offshore manufacturing and wind sectors. With our established presence in Saudi Arabia, Qatar, and now Iraq, we’re strategically positioned to additional increase our operations throughout Asia and discover new markets,” Ali El Ali, CEO, ZMI Holdings, stated.
The rising demand for JUBs is pushed by a rise in offshore vitality manufacturing, notably in shallow water fields and the offshore wind sector, ADNOC L&S said. The addition of those JUBs will unlock recent worth for ADNOC L&S because it pursues new markets to increase its geographical footprint, the corporate added.
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