New York, USA – 18 June, 2025: ADNOC Logistics and Services plc (ADNOC L&S / the Company) (ADX symbol ADNOCLS / ISIN AEE01268A239) has received Marine Money’s Deal of the Year Award at a ceremony in New York City recently.
Marine Money, the premier ship finance network, bestowed the award in recognition of the Company’s strategic acquisition of 80% of Navig8, a leading international shipping pool operator and commercial management company, for approximately $1billion (AED3.67 billion), committed in 2024 and completed in January 2025.
ADNOC L&S CEO Captain Abdulkareem Al Masabi, said: “It is an honor to receive this prestigious award from Marine Money, which recognizes the strategic value of ADNOC L&S’s acquisition of Navig8. We are proud to be recognized for strengthening our position in the global energy shipping sector while delivering on our ongoing growth strategy.”
ADNOC L&S also committed to acquire the remaining 20% of Navig8 by mid-2027 for an additional $335 million (AED1,250 million) to $450 (AED1,653 million). The transaction has so far led to the creation of a modern fleet of 32 tankers, expanding ADNOC L&S’ operational footprint to 19 cities across five continents. The acquisition also brings new capabilities in commercial pooling, bunker trading, international technical management across Asia and Europe, as well as the adoption of ESG-focused digital tools.
Photo caption:
From left to right: Jason Klopfer, Managing Director of Navig8, ADNOC L&S’s CEO Captain Abdulkareem Al Masabi and CFO Nicholas Gleeson against the iconic backdrop of Nasdaq MarketSite Building in Times Square, New York, USA.
ADNOC Logistics & Services Plc, listed on the Abu Dhabi Securities Exchange (ADX symbol ADNOCLS / ISIN AEE01268A239) is a global energy maritime logistics company based in Abu Dhabi. Through its three business units – Integrated Logistics, Shipping and Services – ADNOC L&S delivers energy products and solutions to more than 100 customers in over 50 countries. ADNOC L&S’ key subsidiaries include Zakher Marine International Holdings (100% ownership), an Abu Dhabi-based owner and operator of offshore support vessels; and Navig8 (80% ownership), a global ship owner and commercial pools operator also offering bunkering and ship management solutions.
To find out more, visit: www.adnocls.ae
For media enquiries, please contact media@adnocls.ae
For investors enquiries, please contact: IR@adnocls.ae
