ADNOC L&S Bulker Acquisition Spree Tops $74 Million with Fourth Secondhand Purchase

## ADNOC L&S Bulker Acquisition Spree Tops $74 Million with Fourth Secondhand Purchase ADNOC Logistics & Services has accelerated its push into the dry bulk sector, with its total secondhand tonnage spend approaching $74 million following the acquisition of a fourth bulk carrier in recent months, according to sales register data cited by Splash247. The latest vessel to emerge from the buying campaign is the *Aliya*, a 61,500 deadweight tonne ultramax formerly trading under the name *Haato*. The purchase adds meaningful capacity to what has become one of the more closely watched fleet expansion programmes in the regional shipping market. ### Rapid Fleet Build-Up The pace of ADNOC L&S's bulker acquisitions signals a deliberate strategic shift for the logistics arm of Abu Dhabi National Oil Company. Committing close to $74 million across four vessels over a relatively short timeframe reflects both the company's financial firepower and its intent to build a credible dry bulk presence to complement its existing tanker and offshore support operations. Ultramax bulk carriers, typically ranging between 60,000 and 65,000 dwt, are among the most versatile vessels in the dry bulk segment, capable of calling at a wide range of ports and carrying diverse cargo types including grain, coal, fertilisers, and minerals — commodities of direct relevance to ADNOC's broader supply chain and the UAE's import requirements. ### Strategic Context ADNOC L&S has been on an expansionary trajectory since its listing on the Abu Dhabi Securities Exchange, with management signalling intentions to grow the fleet organically and through acquisitions. The secondhand market has offered attractive entry points for buyers with strong balance sheets, and the company appears to be capitalising on available tonnage before any further tightening in asset values. The acquisitions also align with a wider trend of state-backed energy and logistics companies in the Gulf region seeking greater control over their shipping supply chains, reducing dependence on third-party tonnage in an era of freight market volatility. ### Market Implications For the broader secondhand bulker market, sustained institutional buying from well-capitalised players such as ADNOC L&S provides a degree of price support, particularly in the ultramax and kamsarmax segments. Brokers and analysts will be watching whether the company's appetite extends further in the coming months. *Source: Splash247, VesselsValue sales register data.*