Al Seer Marine to provide freight solutions for up to 3mln tonnes of bulk cargo globally in 2022

Al Seer Marine to provide freight solutions for up to 3mln tonnes of bulk cargo globally in 2022

- ASM providing freight solutions to international mining group for approximately 850,000 metric tonne of iron ore cargo from Asia Pacific to East Asia.

Abu Dhabi, UAE: Al Seer Marine PJSC (ASM), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), is expanding to provide freight solutions for bulk cargoes globally through its subsidiary, ASM Chartering. This subsidiary will focus on delivering effective and efficient freight services for cargo interests internationally, focused on the Middle East market.

As part of ASM’s worldwide growth strategy on commercial management, ASM Chartering 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 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 is currently in negotiations for a long-term contract for 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 tonne-mile trade with 2021 recording a 3.7% increase, while this year, continued growth is forecast at about 1.4%. Al Seer Marine