ADNOC Logistics & Services Says Response Efforts Under Way After Attack on One Vessel
The Takeaway: ADNOC Logistics & Services said one of its vessels sustained damage following an attack in the UAE’s territorial waters in the Arabian Gulf on Tuesday afternoon, and that response efforts by the relevant teams are ongoing. The statement did not name the vessel or give details of the crew, and the company said it will give further updates as information becomes available. Its third-quarter results are due on 12 November. In the second quarter, net profit rose 303% to a record $951 million.
Response efforts are under way after an ADNOC Logistics & Services vessel came under attack inside UAE territorial waters on Tuesday afternoon, the Abu Dhabi energy logistics company said.
ADNOC L&S says response teams are acting and updates will follow
The company confirmed that one of its vessels sustained damage following the attack on the afternoon of 10 November. It placed the incident in the UAE’s territorial waters, in the Arabian Gulf.
Response efforts by the relevant teams are ongoing, the statement said, and further updates will be provided as more information becomes available. The company asked the public to take information only from official sources and to avoid circulating rumours or unverified reports.
The statement, posted on the company’s website and carried by the Emirates News Agency at 14:42 GMT in English, did not name the vessel or its type. It gave no details of the crew, the extent of the damage or who carried out the attack.
ADNOC Logistics & Services is listed on the Abu Dhabi Securities Exchange under the symbol ADNOCLS. It describes itself as an integrated maritime logistics group for the energy sector, serving more than 100 customers in over 50 countries through its integrated logistics, shipping and services units.
Earlier statements placed attacks in the Strait of Hormuz
On 14 July, the company said its crude oil tankers Al Bahyah and Mombasa B were struck by projectiles while transiting the Strait of Hormuz in the early hours of that day. Al Bahyah is a very large crude carrier it owns; Mombasa B is one it operates under a time charter.
The company said then that one seafarer lost his life and several others were injured. Both tankers sustained significant damage.
Its parent, ADNOC, said on 7 August that 15 of its vessels had been attacked by missiles and drones while transiting the strait since the start of the conflict. Three of those vessels were attacked that week.
Those attacks, the group said, had killed one crew member and injured 20, and it was continuing to meet its customers’ requirements as far as possible.
The Emirates News Agency then carried three more ADNOC statements, dated 8, 14 and 15 August, covering attacks on four vessels in the strait. Each said there were no injuries and that the situation had been brought under control.
In The Edge’s reading, the statement’s wording on location sets it apart: it names the UAE’s territorial waters in the Arabian Gulf, while the company and its parent described every earlier attack set out above as taking place on ships transiting the Strait of Hormuz.
Saudi Arabia’s Ministry of Energy said the East-West Pipeline kept operating after it was targeted on 9 November and a limited fire in the Madinah Region was put out, as set out here on 10 November.
Record second quarter precedes results on 12 November
In its latest reported quarter, the second quarter of 2026, ADNOC L&S posted revenue of $2.58 billion, up 98% from a year earlier.
Net profit rose 303% to a record $951 million. EBITDA rose 176% to $1.11 billion. The second quarter accounted for 81% of first-half net profit.
ADNOC L&S second-quarter results
| Measure | Q2 2026 ($m) | Q2 2025 ($m) | Change |
|---|---|---|---|
| Revenue | 2,584 | 1,303 | 98% |
| EBITDA | 1,106 | 400 | 176% |
| Net profit | 951 | 236 | 303% |
| Operating free cash flow | 751 | 332 | 126% |
Year-on-year changes as printed by the company in its results of 11 August 2026.
The company attributed the outperformance to services delivering energy from the UAE to the world. It said its integrated logistics business, global platform and long-term contracts with its parent group supported earnings despite regional disruption.
It raised its full-year 2026 guidance for the third time in August. Not every segment grew: first-half EBITDA in integrated logistics fell 33% to $283 million, which the company linked to lower material handling volumes, higher operating costs, and lower utilisation and reduced day rates for its jack-up barges in the regional geopolitical context. It kept its offshore contracting guidance conservative, assuming jack-up barge utilisation remains affected by regional uncertainty.
Vessel acquisitions and newbuild commitments in the year to August were valued at about $2.3 billion, according to the company. They form part of $5.7 billion of capital expenditure commitments.
What to watch: ADNOC L&S’s board meets on 11 November, according to the company’s announcement, and its third-quarter 2026 results are scheduled for 12 November on its financial calendar.
Figures and statements are from ADNOC Logistics & Services’ statement of 10 November 2026, its releases of 14 July and 11 August 2026, its announcement of 6 November 2026 and its financial calendar, and ADNOC statements carried by the Emirates News Agency on 7, 8, 14 and 15 August 2026; percentages and counts not attributed to a source are The Edge’s calculations.
Sources: ADNOC Logistics & Services, ADNOC, Emirates News Agency, The Edge.
