Adnoc Logistics & Services (Adnoc L&S) has formally announced the formation of a joint venture with China’s Wanhua Chemical Group that will be engaged in shipping LPG and petroleum products.
Last month, TradeWinds reported the joint venture, AW Shipping, placed a $365m newbuilding order for three LPG-fuelled VLGCs at Jiangnan Shipyard with options for two more.
The firm 86,000-cbm vessels are due for delivery in the second half of 2022.
