UK pool group Navig8 has begun commercial management of the Adnoc Logistics & Services tanker fleet following the Abu Dhabi’s group’s $1.08bn takeover of the London-based company.
Navig8 said the “strategic move” has seen eight VLCCs, eight LR2s and four LR1s swell its ranks, further strengthening its position as a global leader.
Captain Abdulkareem Al Masabi, Adnoc L&S CEO, said his group is immediately transitioning its tankers’ commercial management and leveraging Navig8’s expertise in commercial pooling.
