AbuDhabiPR.com, Online Press Release from Abu Dhabi and Al Ain
 
Marine Services(Shipping and Logistic)
Filter PR by
  
Al Seer Marine Bulks Up its Worldwide Freight Services
 
• Al Seer Marine to capitalize on growing global dry bulk trade targeting US$100m turnover of by end of 2022.
• Agreement for 5m tonnes of dry bulk cargoes to be transported in 2022
 
Abu Dhabi, UAE; 07 September 2022: Al Seer Marine (PJSC), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), has entered into a collaboration agreement with Netbulk Pte Ltd, a one-stop maritime solution company based in Singapore, as part of its growth strategy to expand its worldwide freight services. 
 
Founded in 2015, Netbulk provides a wide range of commercial activities including trading, chartering, consultancy and investment. It offers freight services to shippers and charterers globally. The agreement between the two companies will focus on the Middle East Asia and Asia Pacific and help clients to mitigate supply chain uncertainties through the collaboration of 10 commercially controlled ships, with further plans to increase the fleet through future partnerships or acquisitions. This collaboration is expected to provide freight services to 5 million tonnes of dry bulk cargoes in one year, with an expected turnover of US$100m. 
 
Guy Neivens, Chief Executive Officer of Al Seer Marine, said: “Analysis of market trends show that the global dry bulk trade is increasingly growing, driving up demand for cargo freight services. By amplifying our network in Singapore in collaboration with Netbulk, Al Seer Marine continues to execute on our long-term cargo strategy through key regional initiatives while also securing control of commercial ships as we overcome supply chain challenges. Combining the expertise of our team together with Netbulk’s established cargo management, we will provide industry-leading logistical solutions and ensure our clients can access a wide range of responsive services.” 
 
Earlier last month, Al Seer Marine announced a strong second quarter performance, recording AED 883m in profit, more than doubling for the same period last year. These solid financials are driven by Al Seer Marine’s strategic investments, diverse management and product services. 
 
Al Seer Marine is a global leader in marine services and has been expanding rapidly in the commercial shipping segment. The company aims to increase its fleet to become the largest in the MEA market and is analyzing expansion initiatives in product tankers, gas tankers, and dry bulk shipping sectors, with short-term plans of acquiring 10 to 15 ships in 2022. 
 
---ENDS---

Posted by : Abu Dhabi and Al Ain PR Network Editorial Team
Viewed 82 times
PR Category : Shipping and Logistic
Posted on : Wednesday, September 7, 2022  11:10:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AbuDhabiPR.com.
Next Story : Al Seer Marine Commenced Construction of its First VLGC; De...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
It's Your Story, Wear it your Way [8676-Views]
Perfect Matches, For You and Your Pets [6466-Views]
Meet the New Pandora Muses [6257-Views]
Twitter rolls-out testing of most requested update: The Edit Button [4588-Views]
Twitter Introduces Greater Control and Personalisation of the Platform with Twitter Circle [3681-Views]
Legally Blind Man See Hope Through the World's Largest LEGO® Eyeglasses [3027-Views]
Titan Watches Unveils Robust Expansion Plan in the Capital [2868-Views]
Lenovo Group: First Quarter Results 2022/23 [2835-Views]
July Passenger Demand Remains Strong [2201-Views]
UAE President appoints Sultan Yusuf Abdul Rahman Al Nuaimi [1957-Views]
Your Signature Style with Pandora [1899-Views]
Etihad Continues to Invest in the Us Market With Increased Flights & Expanded Partnership [1592-Views]
The UAE's Hamda Al Qubaisi Selected to Take the Wheel in Formula 3 Test [1273-Views]
Etihad Rail Signs Memorandums of Understanding at Innotrans 2022 with Leading International Railway ... [1148-Views]
Wizz Air Announces Major Expansion in Saudi Arabia [1048-Views]
The UAE Banks Federation Holds its Third CEOs Advisory Council meeting in 2022, with New Members Joi... [899-Views]
Start-Up of Unit 3 of Barakah Nuclear Energy Plant Accelerates Achievement of UAE Net Zero 2050 [822-Views]
Team Abu Dhabi Star Tops Qualifying With Dramatic Late Surge [794-Views]
Abu Dhabi Air Expo 2022 Chooses Etihad Airways As Official Airline Sponsor [595-Views]
Al Masaood Automobiles Partners with Dubai Islamic Bank to Offer Attractive Auto Finance Solutions [586-Views]
 
RSS Facebook Twitter LinkedDin AbuDhabiPR.com on Instagram
 
Top Sections
 
Top Stories