Abu dhabi: Abu Dhabi is rapidly emerging as a global maritime hub. In support of the UAE and ADNOC vision, ADNOC Logistics and Services is accelerating its transformational growth journey and leading the way as a global energy maritime logistics company.
According to Emirates News Agency, under the leadership of Captain Abdulkareem Al Masabi, CEO of ADNOC L and S, the company has evolved from a regional logistics operator in 2019 into a global maritime logistics powerhouse, driving strategic growth, industrial development, and shareholder value. Al Masabi emphasized the strategic expansion of ADNOC L and S, highlighting its operations in 19 cities across 50 countries, serving over 100 customers.
This expansion has been driven by a series of strategic acquisitions and joint ventures, including the purchase of Navig8 and Zakher Marine International, the formation of the AW Shipping joint venture with Wanhua Chemical Group, and the commissioning of advanced energy-efficient vessels. These moves have not only bolstered the company’s global presence but also reinforced its commitment to national industrial development.
The ADNOC L and S owned fleet has more than doubled since 2019, increasing from 150 vessels to over 340, with 23 vessels currently under construction. Al Masabi projected over US$10 billion in long-term revenue, illustrating how the company scales with purpose.
Financially, ADNOC L and S has seen its valuation soar from US$1 billion in 2019 to over US$12 billion, driven by more than US$10 billion in strategic investments. From 2021 to 2024, net profit grew at a compound annual rate of 143 percent, and EBITDA margins more than doubled from 14 to 32 percent. The company generated over US$600 million in operating free cash flow in the first half of 2025.
This financial strength supports ADNOC L and S’s ability to deliver consistent and growing returns to shareholders. In October 2025, the company raised its dividend to US$325 million, a 20 percent increase over the previous year, with dividends set to grow by at least 5 percent annually from 2026 through 2030.
A recent decision by ADNOC to increase the company’s free float to 22 percent paves the way for potential inclusion in the MSCI Index, which could trigger over US$200 million in passive inflows. Trading volumes have doubled, and 18 leading analysts have issued a consensus BUY rating.
ADNOC L and S is also embracing artificial intelligence and advanced technologies as a core pillar of its innovative strategy. The company leverages AI ILMS, a smart routing and scheduling platform, Smart Port, the GCC’s first AI-powered port operations platform, and ShipWatch, a real-time voyage and fuel management platform. It also implements drone technologies for operations efficiency and HSE monitoring.
Locally, ADNOC L and S remains committed to the UAE’s economic development, delivering 91.7 percent in-country value in 2025 and reinvesting US$1.4 billion into the national economy. The company built 31 vessels locally, creating over 300 jobs and strengthening the country’s industrial base.
ADNOC L and S is a strategic enabler of ADNOC Group’s industrial, energy, and sustainability ambitions. Through infrastructure development, long-term partnerships, and digital transformation, the company anchors the UAE’s chemicals and petrochemicals export strategy, strengthens offshore logistics, and drives innovation across the energy value chain. Al Masabi concluded that ADNOC L and S transforms logistics into a strategic lever for national growth, resilience, and sustainability, enabling the UAE’s industrial ambitions and building the future of energy maritime logistics from Abu Dhabi to the world.