Adnoc grows crude storage with Seoul + DP World adds a 10th ship in India

Adnoc deepens South Korea energy partnership

Adnoc is reinforcing its role in South Korea’s energy security by expanding its long-term partnership with Seoul, which will strengthen cooperation on crude supply and strategic oil storage, Reuters reports. The two will focus on alternative export routes to move security emergency supplies during critical situations, as well as stockpiling barrels, with Adnoc’s access to refining facilities in South Korea also on the table.

ICYMI- The development builds on an agreement from March to allow Adnoc to store crude in Korean strategic reserves, giving the state oil giant storage access in Northeast Asia and giving South Korea priority access to the barrels during emergencies. Adnoc had agreed to supply up to 24 mn barrels to South Korea.

DP World backs India’s ship registry

A new ship for India’s coastal lanes: DP World added the DP World Indus — a 2.5k+ TEU India-flagged container vessel — to its Shipping Solutions fleet, bringing it to 10 vessels across 14 ports, according to a press release. The new vessel is slated to carry containers between manufacturing, industrial, and consumption centers along the coast, offering an alternative to long-haul road transport.

DATA POINT- DP World moved more than 473k TEUs through its Indian coastal-shipping lines in 2025.