Abu Dhabi National Oil Company (ADNOC) has purchased 2,800 teu sub-panamax teu containership GH Mistral from Danish owner Celsius Shipping.
The vessel has been renamed Al Reem I under UAE flag. While the sale price was not disclosed, MSI values the ship at $10.6m.
ADNOC currently operates a container shuttle service connecting Khalifa to Ruwais with a fleet of four boxships.
Last week, ADNOC secured a three-year shipping contract from petrochemical company Borouge to transport 11 million tonnes of polymers from Ruwais container terminal to Khalifa and Jebel Ali Ports.