ADNOC closes support vessel operator takeover
ADNOC Logistics & Services (ADNOC L&S) has completed its acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels.
ZMI is said to own the world’s largest fleet of self-propelled jackup barges. It will continue operating as a standalone entity under ADNOC L&S, led by CEO Ali El Ali.
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Following this transaction, ADNOC L&S claims to have the most diversified fleet in the Middle East, with more than 300 vessels in its offshore logistics, marine services and shipping fleet, supported by a 1.5-million sq m logistics base in Mussafah.
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ZMI, formed in 1984, owns and operates 24 jackup barges and 38 offshore support vessels, and it employs more than 1,700 people in the UAE, Saudi Arabia, Qatar and China.
Source: Offshore Mag