Al-Sir Marine Company for Marine Equipment and Supplies, a subsidiary of the International Holding Company, received the tankers “Betelgeuse” and “Bellatrix”, which are the first two tankers received by the company, as part of a group consisting of six medium-tonnage tankers, built by the Korean company “Ki Shipbuilding”.
The company stated, in a statement yesterday, that this new addition to its fleet comes to meet the growing demand for transporting clean petroleum products and chemicals.
The contract to build these ships was concluded in November 2022, when Al-Sir Marine ordered four IMO tankers, followed by an order for two additional tankers in February 2023.
This major expansion of the Al-Sair Marine fleet strengthens its position as a major partner and leading investor in the maritime sector in the UAE, as the company has allocated major investments worth more than 1.45 billion dirhams, in both Abu Dhabi Ports and ADNOC Logistics Services.
Al-Seer Marine CEO, Jay Nevins, said: “Al-Seer Marine’s investments in chemical and petroleum product tankers stemmed from our strategic vision to diversify our fleet and benefit from the recovery in global trade and the growing demand for refined petroleum products and chemicals. He pointed out that these In recent years, the market has been characterized by an increase in activity, the imposition of a number of strict new environmental legislation, in addition to the emergence of many challenges facing supply chains.
He added that this is what prompted the company to seize opportunities and consolidate its position in this growing sector, benefiting from its experience in meeting the needs of its customers, achieving growth and increasing profitability in the long term.
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