• Home
  • News
  • K Shipbuilding receives $175m order from Al Seer Marine for the construction of four tankers
  • 2023 February 6 16:47

    K Shipbuilding receives $175m order from Al Seer Marine for the construction of four tankers

    Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, has placed an order worth Dh643 million ($175m) for the construction of four new tankers as the company continues to focus on expanding its fleet to boost growth, according to the company's release.

    The medium-range “IMO II/III product tankers” will be built by Korea's K Shipbuilding at Jinhae Shipyard, Al Seer Marine said on Tuesday in a regulatory filing to the Abu Dhabi Securities Exchange, where its shares are traded.

    The new ships are expected to be delivered before the end of the fourth quarter of 2024.

    With the latest order, Al Seer Marine's fleet totals 12 vessels, boosting its value to more than Dh2.3 billion.

    Al Seer Marine, which had assets worth Dh11.5bn at the end of June, has a diversified portfolio and offers services such as management and training, high-tech boatbuilding, unmanned systems development and manufacturing.

    The company this year acquired two liquefied petroleum gas tankers valued at a combined Dh246m and has large gas carriers currently under construction as part of a joint venture with BGN International. It is also expanding its freight solutions for bulk cargo globally to meet growing demand.

    Al Seer Marine aims to close Dh36.7bn worth of maritime deals in the next 10 years, it said in October.

    The new tankers are being designed to be ready to adapt to new fuels such as ammonia and methanol amid transition efforts, the company said.




2023 March 23

16:22 BV-classed hybrid ferries with battery and solar power to be deployed in Hong Kong
16:16 Finland lifts arrest of Russian fertilizers in the port of Kotka
16:03 Port of Cork accelerates digitalisation with new AI-powered port system
15:25 “K” Line to install automated kite system on the coal carrier Corona Citrus
14:22 Return of railway ferry Baltiysk to Ust-Luga-Baltiysk line postponed to April 2023
14:03 Samskip starts a new innovative project that will reduce CO2 emissions for its vessels
13:27 European Council and the European Parliament announces new agreement to decarbonise the maritime sector
12:50 Global decrease of investments in oil and gas sector to result in shortage of facilities in 3-5 years
12:43 Ports of Stockholm explores safety aspects of autonomous shipping in innovative research project
12:29 Six сompanies team up to build, operate Japan's 1st methanol-fueled coastal tanker
11:42 Port of Oakland joins clean energy trade mission
10:55 Russian ship carrying a cargo of fertilizers detained in the Finnish port of Kotka
10:41 Hamburger Hafen und Logistik revenue up by 7.7 percent to € 1,578.4 million in 2022
10:32 Russian Railways increased volume of Pacific seafood shipments from Primorye by 6% in January-February 2023
10:25 Hyundai Heavy achieves world's first 200 million BHP milestone
09:57 Agency for Strategic Initiatives to support production of high-speed hydrofoils
09:20 Nevsky Shipyard lays down third serial tanker of Project 23130 for RF Defence Ministry

2023 March 22

19:19 MSCC Bronka (Saint-Petersburg) sold to Moscow company NKK-Logistik
17:30 Direct service from China to Saint-Petersburg launched by Transit
17:06 JERA and Virya Energy reach an agreement for the acquisition of Parkwind by JERA
16:41 Alfa Laval completes acquisition of innovative friction reduction technology
16:24 State Duma passed in its first reading Northern Delivery Bill
16:08 OGCI, Stena Bulk, GCMD project gets go-ahead to use carbon capture on oil tanker pilot to decarbonize shipping
15:46 Grimaldi signs the purchase agreement for the acquisition of a majority stake in the Igoumenitsa Port Authority
15:03 Delo Group and China’s Shandong Port Group will jointly develop multimodal container transportation
14:32 Russia’s decision to voluntarily cut crude oil production by 500,000 bpd to remain in force until end of June 2023 — Alexander Novak
14:09 South Carolina Ports container volumes down 13% in Feb 2023
13:44 China Civil Engineering Construction Corporation wins Solomon Islands port project
13:25 GreenIT and Copenhagen Infrastructure Partners to develop three floating offshore wind farms in Italy with 2 GW capacity
12:59 Russia and China expand economic cooperation in the Far East
11:35 Thames Freeport given green light by UK Government
11:27 Problems with coal unloading in Posiet and Vanino ports entail loss of Russian Railways’ cargo base
11:08 Greece and Turkey agree to support each other in the UN’s Security Council and the International Maritime Organisation - EURACTIV
10:51 DNV and PETROJET sign MoU to support green hydrogen projects in Egypt
10:25 Hanwha gets Vietnam approval for Daewoo Shipbuilding takeover - Yonhap
10:10 Russia to supply grain to African countries at no expense if grain deal is not extended after 60 days — Vladimir Putin
09:49 Russia is a strategic supplier of oil and natural gas to China – Vladimir Putin
09:21 Atomflot to create digital ecosystem for NSR for RUB 3.8 billion

2023 March 21

20:56 Russia is ready to create, together with China, a working body for the development of the NSR – Vladimir Putin
18:37 GTT takes first place in the INPI's list of ETI patent applicants
18:07 Shell publishes the Energy Security Scenarios
17:34 Wartsila upgrades Wartsila 31 diesel engine
17:22 Cochin Shipyard bags order for world's first zero emission feeder container vessel
17:16 Shell revives German refinery sale as Russian ownership cleared - Reuters
16:47 Langh Ship switches to biofuel on its container vessel
16:02 Business costs soar as Russia sanctions bite - Reuters
15:40 Russia and China are preparing projects to boost freight traffic along the Trans-Siberian and Trans-Asian routes
15:14 Optimarin expands BWTS manufacturing into China
13:33 Russia suspends rapeseed exports
13:30 Brazil’s Porto Itapoá invests in equipment ‘firsts’ for Brazil
13:06 Petropavlovsk-Kamchatsky joins list of ports whose harbormasters register ships in Russian International Register of Ships
13:04 100 audits completed under IMO Member State Audit Scheme
12:50 Port of Antwerp-Bruges joins forces with Routescanner
12:36 Terminal Astafiev gets nod from Nakhodka Customs to store containerized freight
12:13 King Abdulaziz Port breaks container handling record
11:37 Redevelopment of the Nizhne-Kama Lock nears completion
11:32 Samskip, duisport and TX Logistik will jointly operate the logport III combined transport terminal in Duisburg in future
11:10 Regional shipbuilding clusters to enjoy preferential tax treatment – ASRF
11:03 Sempra launches Port Arthur LNG Project
10:29 Ukraine Black Sea grain deal extended for at least 60 days