
ADNOC Logistics and Services has confirmed that in early January it finally completed its acquisition of an 80% stake in the tanker operator, Navig8 for US $1.04 billion (AED3.8 billion). The deal includes a contractual commitment to acquire the remaining 20% in mid-2027.
Navig8 is an international shipping pool operator and commercial management company with an owned fleet of 32 tankers and a presence in 15 cities across five continents. The Navig8 Group also holds investments in technical management companies, a marine fuels provider operating in ports worldwide, and other enterprises serving the marine sector.
This acquisition is an important milestone in ADNOC L&S’ growth strategy and further strengthens the company’s position as a leading global energy maritime logistics company, following its integration of Zakher Marine International (ZMI) in 2022.
The acquisition enables ADNOC L&S to expand its service portfolio by adding commercial pooling and bunkering services, among others, as well as extending its international presence.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “By integrating Navig8’s extensive fleet and global presence, we can enhance our service offerings, generating substantial value for customers and shareholders. This strategic move unlocks new opportunities for commercial growth and expansion into new markets, reinforcing our position as a leading global energy maritime logistics company.”

























