ADNOC Logistics & Services Acquires Zakher Marine International

ADNOC Logistics & Services Acquires Zakher Marine International

Transaction unlocks new revenue streams, market access, and supports growth opportunities for ADNOC L&S

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has announced the acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels.

Besides, ZMI owns the world’s largest fleet of self-propelled jack-up barges. The financial details of the transaction have not been disclosed by the companies.

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 over 300 units.

ADNOC L&S, AD Ports to Develop New Port & Logistics Facility at TA’ZIZ

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, the company said.

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

Read More: ADNOC L&S Acquires Three More LNG Carriers

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