Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company has taken delivery of M.T. Saiph and its sister ship from K Shipbuilding Korea, according to a press release.
Each vessel is equipped with an exhaust gas cleaning system (EGCS) and engineered to accommodate alternative fuels such as liquefied natural gas (LNG), ammonia, and methanol.
This will ensure future adaptability and compliance with stringent environmental regulations while meeting the surging global demand for clean petroleum products (CPP) and chemical transportation.
The delivery is financed by BOCOM Financial Leasing Company Limited (BOCOM Leasing), a subsidiary of Bank of Communications.
This joint partnership first established in August 2024 with the $80 million financing of MR tankers Betelgeuse and Bellatrix, bringing BOCOM's total commitment to $160 million.
Guy Neivens, CEO at Al Seer Marine, commented: "The expansion of our partnership with BOCOM Leasing, our first international financing partner, validates our growth trajectory and market potential.”
“This aligns with our vision to become a global leader in meeting the surging demand for refined petroleum products and chemicals trade, a position increasingly recognised by financial markets and key investors," Neivens stated.
With the delivery of the two modern tankers, Al Seer Marine has just two vessels remaining from the six MR tankers ordered from K Shipbuilding, with completion expected in January 2025.
The expanded fleet anchors the company’s position as a key partner and investor in the UAE's maritime sector, complementing its strategic investments exceeding AED 1.45 billion ($395.10 million) in Abu Dhabi Ports and ADNOC Logistics and Services.
