Abu Dhabi’s Al Seer Marine targets $100m dry bulk cargo push

According to Guy Neivens, CEO of Al Seer Marine, said: “Analysis of market trends shows that the global dry bulk trade is growing, increasing the demand for cargo services. By amplifying our network in Singapore in conjunction with Netbulk, Al Seer Marine continues to execute our long-term cargo strategy through key regional initiatives while ensuring commercial vessel control as we overcome chain challenges. supply.

Al Seer Marine and Netbulk will focus on the Middle East and Asia-Pacific routes, with the assurance to customers that this can solve any supply chain issues they have encountered in the recent past. The companies will have 10 ships “under commercial control”.

Dry bulk cargo has taken on added importance after the global shipping industry and customers faced a severe shortage of available containers. Shippers then resorted to an increased deployment of dry bulk movements to compensate for this. The demand, as the Al Seer plan shows, continues.

Al Seer Marine – which recorded a profit of 883 million dirhams for the second quarter – aims to increase its fleet and be the largest in the MEA. Expansion initiatives would extend to product and gas carriers, as well as the dry bulk sectors, with near-term plans to acquire 10 to 15 vessels. The ADX-listed entity is part of International Holding Co..

By combining the expertise of our team with the established freight management of Netbulk, we will provide state-of-the-art logistics solutions and ensure that our customers can access a wide range of responsive services.

– Guy Neivens of Al Seer Marine

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