Al Seer Marine orders tanker quartet from Ok Shipbuilding

Abu Dhabi-based Worldwide Holding Firm unit Al Seer Marine has ordered 4 new tankers from South Korean shipbuilder Ok Shipbuilding.

Below the $175m (AED643m) contract, Ok Shipbuilding will likely be accountable for establishing 4 medium-range ‘IMO II/III product tankers’ at Jinhae Shipyard.

This new order will broaden Al Seer Marine’s fleet measurement to 12 vessels with a worth of greater than $626m (AED2.3bn).

The brand new tankers are anticipated to be delivered earlier than the tip of the fourth quarter of 2024.

The vessels will likely be designed with the potential to adapt to new fuels, together with ammonia and methanol.

Al Seer Marine CEO Man Neivens mentioned: “Al Seer Marine could be very critical about changing into a worldwide market chief throughout completely different marine sectors.

“The brand new order is yet one more endorsement of our international enlargement technique.”

The corporate offers companies, together with administration and coaching, growth and manufacturing of unmanned methods, and high-tech boatbuilding.

Final 12 months, it bought two liquefied petroleum gasoline tankers, collectively valued at $66.9m (AED246m).

At current, Al Seer Marine has giant gasoline carriers beneath development as a part of a three way partnership with BGN Worldwide.

The corporate can be increasing its freight options for bulk cargo throughout the globe to satisfy the rising demand.

Ok Shipbuilding CEO Y Ok Jang mentioned: “The economists level to the necessity to construct new ships to satisfy the pending environmental laws, forecasting that shipbuilding orders will rebound in 2024, and right this moment’s Al Seer Marine order confirms the market demand.”

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