ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics subsidiary of Abu Dhabi National Oil Company (ADNOC), has established a new joint venture (JV) with China’s Wanhua Chemical Group.
The new company, named AW Shipping, will own and operate a fleet of very large gas carriers (VLGCs) and modern product tankers. It will be responsible for transporting LPG cargo and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua’s manufacturing bases in China and around the world.
The formation of AW Shipping follows a 10-year LPG supply contract signed between ADNOC and Wanhua in November 2018.
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