Category: Exclusive

    A strategic alliance between Al Seer Marine – Damen International Joint Venture, and Tawazun Council to bolster the UAE’s naval capabilities. Delivering state-of-the-art Offshore Patrol Vessels (OPVs) to enhance the UAE’s maritime security and defense. Abu Dhabi, 24 March 2025: Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a…

Tabit has secured AED 170.3 million (USD 46.3 million) time charter with HMM Co. Ltd for a five-year term. Rigel has been delivered to AED 157 million (USD 42.8 million) time charter with Global Horizon Shipping Limited for a five-year term. BOCOM Leasing renews its partnership with Al Seer Marine for the third time, increasing…

    Total gross profit rose by 6.2%, to AED 153 million. The operational profit reached AED 107.4 million. Abu Dhabi, 29th January 2025: Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a subsidiary of International Holding Company (ADX: IHC), has announced its financial results for 2024, highlighting operational growth amidst…

New vessels secure USD 84 million in charter contracts with Reliance Industries DMCC for five-year term. BOCOM Leasing doubles its commitment to Al Seer Marine to USD 160 million.  Abu Dhabi, 23 December 2024: Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a subsidiary of International Holding Company (ADX: IHC), has…

The Joint Venture is expanding beyond the naval sector into the commercial maritime, to solidify its position as a global industry leader. Dune’s mission is to leverage the combined strengths of Damen International and Al Seer Marine to become a global leader in naval and commercial shipbuilding.   Abu Dhabi, 11 November, 2024: Al Seer…

  This agreement marks the first collaboration between Al Seer Marine and BOCOM Leasing, establishing a new partnership in the maritime industry. This financing is a milestone for Al Seer Marine, as it secures its first funding from outside the UAE. It empowers the company to expand its operations and invest in modern, eco-friendly vessels,…

  Al Seer Marine Expands Fleet with Delivery of two new MR Tankers: M.T. Betelgeuse and M.T. Bellatrix T. Betelgeuse and M.T. Bellatrix are IMO II/III oil and chemical tankers, designed to carry six fully segregated grades of cargo, with a deadweight of 49,757 MT each.   The six state-of-the-art MR tankers are built ready…

  T. Betelgeuse and M.T. Bellatrix are IMO II/III oil and chemical tankers, designed to carry six fully segregated grades of cargo, with a deadweight of 49,757 MT each. The six state-of-the-art MR tankers are built ready for alternative fuels such as Liquified Natural Gas (LNG), ammonia, and methanol. Abu Dhabi, September 26, 2024: Al…

The refreshed brand identity mirrors the strategic direction of the company in developing a future-proof fleet and innovative products to boost operational efficiency and profitability. The company’s AED 7.5 billion in assets fortify its status as a premier maritime excellence centre, endorsed by top financial and investment firms.   Abu Dhabi, September 2nd, 2024: Al…

  Wallem has been tailoring ship management services to owner needs for 120 years, but recent shipping history has required a full mobilisation of its skills to support customers through the challenges of labour shortages, digitalisation and decarbonisation. Nevertheless, Wallem Managing Director, Ship Management, Ioannis Stefanou, says that “trust and partnership” between ship owner and…