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ASM Chartering, part of Al Seer Marine (ASM), plans to transport around 2-3 million tonnes of bulk cargo in 2022 as part of its global growth strategy.
The company aims to increase its fleet to become the largest in the MEA (Middle East and Africa) market and is analysing expansion plans in the product tanker, gas tanker and dry bulk shipping sectors, with short-term plans to acquire 10 to 15 vessels 2022 year.
Currently, ASM manages a total of 5 dry bulk and general cargo vessels and provides freight solutions for an international mining group of approximately 850,000 metric tons of iron ore from Asia Pacific to East Asia. ASM is currently negotiating a long-term contract to transport 2 million tons per year.
Freight Solutions
A subsidiary of International Holding Company (IHC), ASM is a global player across several maritime sectors and is therefore expanding through its subsidiary ASM Chartering to provide freight solutions for bulk cargo on a global scale.
The subsidiary will focus on providing effective and efficient freight services for international freight interests, with a focus on the Middle East market.
Guy Neivens, CEO of ASM, said: “We saw global dry bulk ton-mile trade demand grow by 3.7% in 2021 and this year is expected to continue to grow by approximately 1.4%. ASM will capitalize on this trend and increase our capacity to About 2-3 million tons of bulk cargo will be transported in 2022.
Seize the opportunity
“Given the fragmented nature of this market, we are seizing the opportunity to consolidate freight volumes and plan to build a world-class and transparent commercial maritime business through strategic partnerships in the Middle East.”
ASM is a global leader in marine services and is rapidly expanding in commercial shipping. — arab trade news agency
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