Al Seer Marine's Commercial Shipping Division rapidly expands its total fleet to 18 vessels in only three years. Al Seer Marine and BGN JV (ABGC DMCC) take delivery of the final two dual-fuel Very Large Gas Carriers (VLGCs), Megrez and Mizar. The combined capacity of Megrez (86,925 CBM) and Mizar (88,000 CBM) completes the JV’s … Continue reading Al Seer Marine Achieves Fleet of 18 Vessels in Just Three Years, Completing First Stage of Rapid Expansion

Revenue rises 20.2% year-on-year, supported by enhanced asset utilisation. Gross profit climbs 81.7% to AED 89 million, with gross margin expanding from 8.4% to 12.7%. Cash balance grows 178% to AED 490 million, driven by stronger collections. Total assets rise 7.6% to AED 8.1 billion, whilst total borrowings decrease by 16%. Abu Dhabi, Monday 28th … Continue reading Al Seer Marine Reports Increase in Operating Profit to AED 156 Million with AED 698 Million in Revenue for the First Half of 2025

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 subsidiary of … Continue reading Al Seer Marine and Damen International Joint Venture Secure AED 1.3 Billion Contract with Tawazun Council to Build Naval Vessels

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 … Continue reading Al Seer Marine Adds Tabit and Rigel MR Tankers to Fleet, Completing First Stage of Expansion and Reaching 16 Vessels