Abu Dhabi National Tanker Company and National Gas Shipping Company Limited the shipping arm of the ADNOC have completed the acquisition of 15 vessels by taking the delivery of its last oil tanker.

The 105,000 tonne deadweight MT Liwa-V, an oil tanker was delivered on September 30th 2011 at HHI shipyard in South Korea. It is expected to load her first cargo from the Far East, on her maiden vaoyage in laden condition.

MT Liwa-V and its sister ship MV Abu Dhabi-III, which was delivered in July, are the largest new build oil tankers delivered to Abu Dhabi National Tanker Company or ADNATCO and National Gas Shipping Company Limited or NGSCO.

Mr Ali Obaid Al Yabhouni GM of ADNATCO & NGSCO said that “Delivery of MT Liwa-V marks the last of this series of new vessels and denotes the successful completion of this project which started with the first delivery of MV Shah, bulk carrier on October 26th 2010.”

He said that “The major expansion of the fleet reflects the growing strategic importance attached by ADNOC and its group of companies in owning and operating their own ships and extending the energy transport to the entire hydrocarbon value chain. All our vessels have been employed from the day they were delivered.”

(Sourced from Khaleejtimes.com)