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  3. War rates drive vast rise in Adnoc shipping profits

AGBI

War rates drive vast rise in Adnoc shipping profits

Adnoc Logistics & Services raised its 2026 guidance for its shipping business after segment profit jumped eightfold. Higher charter rates and strong demand for energy transport outweighed disruption caused by the US-Iran conflict in the Strait of Hormuz. Net profit from shipping climbed 693 percent year on year to $997 million. “These strong results were […]

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By Pramod Kumar

11 August 2026|1 min read|AGBI
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