ADNOC L&S bulker spending nears $74m with fourth acquisition

AI Summary

ADNOC Logistics & Services has increased its bulk carrier fleet with a fourth acquisition, committing close to $74 million for secondhand ships, including the ultramax bulker Aliya. This expansion reflects ongoing investments in maritime shipping capacity.

ADNOC Logistics & Services has taken its recent bulker buying spree to four ships, committing just under $74m to secondhand tonnage over the past few months, according to sales register data from VesselsValue. The latest purchase to emerge is the Aliya, a 61,500 dwt ultramax formerly named Haato, which was sold by Greek owner Newport. …