#Al Seer Marine
Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022
The tankers will be LNG ready and are being designed to be ready to adapt to new fuels such as ammonia and methanol
The strategic acquisition of VLCC Acrux has increased Al Seer Marine’s fleet value to more than Dhs1.2bn
Al Seer Marine has partnered with Dutch maritime solutions company, Damen Shipyards and Singapore-based DTec Industries
The agreement will help clients mitigate supply chain uncertainties
Al Seer Marine’s growth jumped significantly by a record 74 per cent, compared to Q2 of last year, with revenue at AED 474.82 million
The subsidiary will focus on delivering effective and efficient freight services for cargo interests internationally, focused on the Middle East market
The funds will be used by Al Seer Marine to construct two VLGCs that have a capacity of 86,000 cubic metres, with LPG-fuelled propulsion machinery
Lucky Gas, Al Seer Marine’s first VLGC, is expected to be completed and delivered by March 2023, with work on the second VLGC scheduled to commence in May
With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports
Founded in 2002, Al Seer Marine offers marine services in the region, with total assets of Dhs3.98bn as at the end of June 2021