Abu Dhabi’s Al Seer Marine expands to provide freight solutions globally

By Shilpa Annie Joseph, Official Reporter
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Al Seer Marine
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Al Seer Marine (ASM), an Abu Dhabi-listed marine company engaged across multiple marine sectors, is expanding to provide freight solutions for bulk cargoes globally through its subsidiary, ASM Chartering.

This subsidiary will focus on delivering effective and efficient freight services for cargo interests internationally, focused on the Middle East market.

As part of ASM’s worldwide growth strategy on commercial management, ASM Chartering intends to transport approximately 2-3 million tons of bulk cargoes in 2022.

Mr. Guy Neivens, Chief Executive Officer of Al Seer Marine said that, “We have seen a global rise in demand for dry bulk ton-mile trade with 2021 recording a 3.7 percent increase, while this year, continued growth is forecast at about 1.4 percent.”

“Al Seer Marine will capitalize on this trend and increase our capacity, transporting about 2-3 million tons of bulk cargoes in 2022,” Mr. Neivens further added

As per the reports, ASM manages a total of five dry bulk as well as general cargo ships and has provided freight solutions to an international mining group for approximately 850,000 metric tons of iron ore from the Asia Pacific to East Asia. Al Seer Marine is currently in negotiations for a long-term contract for carriage of 2 million tons annually.

Al Seer Marine

Al Seer Marine is a global leader in marine services and has been expanding rapidly in the commercial shipping segment. The company aims to increase its fleet to become the largest in the Middle East and Africa (MEA) market and is analyzing expansion initiatives in product tankers, gas tankers, and dry bulk shipping sectors, with short-term plans of acquiring 10 to 15 ships in 2022.

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