Al Seer Marine To Offer Freight Solutions For Bulk Cargoes

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  • Al Seer Marine,is expanding the scale and scope of its operations to provide freight solutions for bulk cargoes through a subsidiary, ASM Chartering.
  • Al Seer Marine says it is currently in negotiations for a long-term contract for the carriage of 2 million tonnes annually.

A recent news article published in the Maritime Standard states that bulk cargo opportunities targeted by Al Seer Marine.

ASM Chartering to focus on the Middle East market

ASM Chartering will focus on the Middle East market and says it intends to transport approximately 2-3 million tonnes of bulk cargoes in 2022. At present, ASM manages a total of five dry bulk and general cargo ships and has provided freight solutions to an international mining group for approximately 850,000 metric tonnes of iron ore from Asia Pacific to East Asia. Al Seer Marine says it is currently in negotiations for a long-term contract for the carriage of 2 million tonnes annually.

Guy Neivens, chief executive officer of Al Seer Marine, said, “We have seen a global rise in demand for dry bulk on a tonne-mile trade basis in both 2021 and this year. We will capitalise on this trend and increase our capacity, transporting about 2-3 million tonnes of bulk cargoes in 2022.”

Fragmented nature of this market

ASM Chartering points to the fragmented nature of this market, and says it is seizing the opportunity to consolidate cargo volumes. “We plan to establish a world-class and transparent commercial maritime business through strategic partnerships across the Middle East region,” adds Neivens.

Al Seer Marine is in the process of rapidly expanding its shipping fleet both through newbuildings and second hand acquisitions. It is currently studying opportunities with regard to product tankers, gas tankers and dry bulk carriers, with short-term plans for acquiring between 10 and 15 ships during 2022.

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Source: The Maritime Standard

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