Adnoc L&S, the Abu Dhabi‑based maritime logistics arm of the state‑owned oil giant, raised its full‑year earnings guidance for a third time after posting a record second‑quarter profit despite regional trade disruptions.

The company reported net profit of $917 million for the three months ended June 30, up from $229 million a year earlier, buoyed by strong shipping rates, increased chartering activity and an expanded fleet. Higher chartering volumes and a larger vessel pool have also contributed to the earnings boost.

The war between Iran and the United States and its regional allies is in its six month phase, with shipping through the Strait of Hormuz largely disrupted, even as diplomatic efforts continue to reopen the waterway that carries about a fifth of the world’s oil supply. The prolonged closure has forced shippers to seek alternative routes, adding pressure on global supply chains.

Adnoc L&S said its diversified operations and long‑term contracts with the Adnoc Group helped it navigate the regional disruption, reinforcing its position in the energy‑focused logistics market. These factors, combined with the firm’s strategic focus on energy logistics, underpin its outlook for the remainder of the year. The company expects continued growth as global demand for energy transport remains robust.