Posted on September 13, 2022
Al Seer Marine, a global leader in marine services, aims to increase its fleet to become the largest in the MEA market
Abu Dhabi-based International Holding Company (IHC) subsidiary, Al Seer Marine, is entering into a collaboration agreement with Singapore’s Netbulk Pte Ltd, as part of its global expansion plans.
This collaboration is expected to provide freight services to 5 million tonnes of dry bulk cargoes in one year, with an expected turnover of $100 million, WAM said on Wednesday.
“The agreement between the two companies will focus on the Middle East Asia and Asia Pacific and help clients to mitigate supply chain uncertainties through the collaboration of 10 commercially controlled ships, with further plans to increase the fleet through future partnerships or acquisitions,” WAM said.
Last month, Al Seer Marine recorded profits valued at AED883 million, driven by investments, product services and diverse management.
Al Seer Marine, a global leader in marine services, has been rapidly expanding in the commercial shipping segment, and aims to increase its fleet to become the largest in the MEA market.
“By amplifying our network in Singapore in collaboration with Netbulk, Al Seer Marine continues to execute on our long-term cargo strategy through key regional initiatives while also securing control of commercial ships as we overcome supply chain challenges,” Al Seer Marine’s chief executive officer Guy Neivens said.
Neivens added: “Combining the expertise of our team together with Netbulk’s established cargo management, we will provide industry-leading logistical solutions and ensure our clients can access a wide range of responsive services.
Al Seer Marine is currently exploring expansion initiatives in product tankers, gas tankers, and dry bulk shipping sectors, with short-term plans to acquire 10 to 15 ships in 2022.
