ADNOC L&S venture splurges $1.9bn on ethane and ammonia carrier newbuilds 

AW Shipping, a joint venture of ADNOC Logistics & Services (ADNOC L&S) and China’s Wanhua Chemical Group, has splashed around $1.9bn on up to 13 newbuilds at Jiangnan Shipyard. The jv has contracted nine firm very large ethane carriers (VLECs) worth about $1.4bn in total and up to four very large ammonia carriers (VLACs) at …

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