GasMiddle East

Al Seer Marine adds two LPG carriers

Abu Dhabi’s Al Seer Marine, a subsidiary of International Holding Company (IHC), has acquired the 20,700 cu m LPG carriers Alcor and Alkaid for AED246m ($67m).

Fast-growing Al Seer Marine has targeted buying 15 ships in 2022, a mix of gas carriers and product tankers.

Guy Neivens, CEO of Al Seer Marine, said: “Due to its strong operating and financial position, Al Seer Marine is able to capitalise on the increasingly favourable fundamentals in global shipping, particularly in the LPG segment. The company is developing a robust pipeline of clients and is moving rapidly to meet fast-growing demand for charters. These transactions are building significant scale in our operations and providing attractive returns to the company and its shareholders.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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