Day: April 12, 2022

DUBAI, Azizi Developments have announced a contribution of AED10 million in support of the 1 Billion Meals initiative, the largest in the region to feed underprivileged and vulnerable groups, including children, refugees, displaced people and those affected by crises and disasters in 50 countries.

The campaign, organised by the Mohammed bin Rashid Al Maktoum Global Initiatives, was launched to coincide with the start of the Holy Month of Ramadan, and is based on the values of giving, charity and humanitarianism. Targeting contributions from individuals and institutions in the UAE and around the world, it is centered on the concept of sustainable community contributions to provide essential food requirements to the most vulnerable groups.

Mirwais Azizi, Founder and Chairman of Azizi Developments, said, “We are delighted to contribute to the 1 Billion Meals initiative. This is a very important social movement, launched in light of the Holy Month of Ramadan, which is marked by togetherness and the spirit of giving, and driven by the wise leadership and humanitarian devotion of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. It is undoubtedly the single most powerful and effective initiative of its kind, in the realm of curbing global hunger.”

He continued, “With 800 million people around the world suffering from malnutrition, it is up to each and every one of us to contribute to securing a brighter future in which all of humanity has access to vital, healthy food. We will stand steadfast with this cause for years to come, and with the notion that the whole is greater than the sum of its parts in mind, we encourage participation to ensure a happier, healthier tomorrow for those in need.”

Donors can contribute to the One Billion Meals campaign through the following donation channels – the campaign’s official website: www.1billionmeals.ae; bank transfer to the campaign’s account at Emirates NBD, number: AE300260001015333439802. Donors can also opt to donate AED1 a day through a monthly subscription by sending “Meal” via SMS to 1020 on the du network or 1110 on the Etisalat network. Donations can also be made through campaign’s call centre via a toll-free number 8009999.

Source: Emirates News Agency

Abu Dhabi, UAE, ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) and the region’s largest shipping and integrated logistics company, announced today the signing of a Ship Building Contract for the construction of two 175,000 cubic metre LNG vessels that will join its fleet in 2025. The purchase, part of the company’s broader growth and expansion strategy, further reinforces its position as the UAE’s leading shipping and maritime operator. The new LNG vessels will be crucial enablers of ADNOC’s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its liquefied natural gas (LNG) production capacity. They will be built at the Jiangnan Shipyard in China.

In 2020, ADNOC L&S started a strategic growth program to expand and diversify its shipping fleet and offer a broader service to its customers, while supporting and enabling the growth of ADNOC’s upstream production capacity and the expansion of its downstream and petrochemical operations. ADNOC L&S has the largest and most diversified fleet of vessels within the Middle East and its trading fleet transports crude oil, refined products, dry bulk, containerized cargo, LPG, and LNG to global markets through its owned and chartered vessels.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “The expansion and modernization of our LNG fleet will be a key enabler of ADNOC L&S’ growth strategy. This acquisition helps future-proof our fleet with more sustainable, modern vessels capable of serving our customers for the next 25 years and deepens our partnership with Jiangnan Shipyard.”

Mr. Lin Ou, Chairman of Jiangnan Shipyard, said: “We are extremely proud to continue our relationship with ADNOC L&S. This order for large LNG carriers is another milestone in the strategic portfolio of Jiangnan shipyard. We are committed to delivering these vessels on time, with good quality and ensuring the highest possible customer satisfaction.

The new-build LNG vessels, each with a capacity of 175,000m3, are significantly larger than the current ADNOC L&S fleet of LNG vessels which have a capacity of 137,000m3 each. Each of the new build vessels will carry enough LNG to power 45,000 homes for a year. The acquisition of larger, more energy efficient vessels will allow ADNOC L&S to meet growing customer demand while improving the environmental footprint of its fleet.

The new vessels’ engine technology will slash emissions ( CO2, NOX and SOX ) and in combination with the innovative Air Lubrication System further reduce fuel consumption by at least 10%. These vessels will also feature partial reliquefication systems which allow for a further reduction of emissions and conserve the cargo.

Jiangnan Shipyard was previously commisioned by ADNOC L&S in 2020 to build five Very Large Gas Carriers for AW Shipping, ANDOC L&S’ Joint Venture company with China’s Wanhua Chemical Group.

Over the past 24 months, ADNOC L&S acquired 16 deep sea vessels, including eight Very Large Crude Carriers in 2021, adding 16 million barrels of capacity, six product tankers, which expanded the product tanker fleet capacity to over 1 million metric tonnes, in addition to five Very Large Gas Carriers for AW Shipping.

Source: Abu Dhabi National Oil Company