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 […]

By AGBI

1 min read

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