Al Seer Marine bulks up its worldwide freight services

Al Seer Marine bulks up its worldwide freight services

Agreement for 5m tonnes of dry bulk cargoes to be transported in 2022

Abu Dhabi, UAE: Al Seer Marine (PJSC), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), has entered into a collaboration agreement with Netbulk Pte Ltd, a one-stop maritime solution company based in Singapore, as part of its growth strategy to expand its worldwide freight services.

Founded in 2015, Netbulk provides a wide range of commercial activities including trading, chartering, consultancy and investment. It offers freight services to shippers and charterers globally. The agreement between the two companies will focus on the Middle East Asia and Asia Pacific and help clients to mitigate supply chain uncertainties through the collaboration of 10 commercially controlled ships, with further plans to increase the fleet through future partnerships or acquisitions. This collaboration is expected to provide freight services to 5 million tonnes of dry bulk cargoes in one year, with an expected turnover of US$100m.

Guy Neivens, Chief Executive Officer of Al Seer Marine, said: “Analysis of market trends show that the global dry bulk trade is increasingly growing, driving up demand for cargo freight services. By amplifying our network in Singapore in collaboration with Netbulk, Al Seer Marine