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Guy Neivens, Chief Executive Officer of Al Seer Marine, said: “Analysis of market trends shows that global dry bulk trade is growing, driving demand for freight services. By partnering with Netbulk to expand our network in Singapore, Al Seer Marine is moving through key regions The move continues our long-term freight strategy while ensuring control of merchant vessels as we overcome supply chain challenges.”
Al Seer Marine and Netbulk will focus on the Middle East and Asia Pacific routes, reassuring customers that this can overcome any supply chain issues they have encountered recently. The companies will have 10 “commercially controlled” ships.
Dry bulk has come to prominence after the global shipping industry and customers faced a severe shortage of available containers. Shippers subsequently countered this by increasing deployments of dry bulk shipments. As the Al Seer program shows, demand continues.
Al Seer Marine – which reported a second-quarter profit of AED883 million – aims to grow its fleet and become the largest in the MEA. Expansion plans will extend to product and gas tankers, as well as dry bulk shipping, with short-term plans to buy 10 to 15 vessels. The ADX-listed entity is part of International Holding Co.
Combining our team’s expertise with Netbulk’s proven freight management, we’ll deliver industry-leading logistics solutions and ensure our customers have access to a wide range of responsive services
– Guy Neivens of Al Seer Marine
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