Tag Archives: Al Seer Marine

Al Seer Marine Expands Leadership Team with the appointment of Mark Hawkes as Chief Financial Officer

  • Mark Hawkes is a senior executive with extensive expertise in operational leadership, financial management, M&A, and strategic planning.
  • Hawkes will be instrumental in reinforcing Al Seer Marine’s financial stability and supporting its vision of becoming a global maritime powerhouse.

Abu Dhabi, 25th of November 2025: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announced the appointment of Mark Hawkes as its new Chief Financial Officer (CFO) starting this month. Hawkes, a seasoned executive with extensive international experience, is assuming a pivotal role in driving the company’s ambitious global expansion and strategic financial roadmap.

Mark Hawkes

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Al Seer Marine and BGN JV Announces Delivery of Third VLGC Merak

Abu Dhabi, Thursday 18th of September 2025: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, has announced with BGN the successful delivery of Merak, its third Very Large Gas Carrier (VLGC) equipped with ammonia-carrying capability.

The vessel was delivered through their joint venture, ABGC DMCC, underscoring the strong collaboration between the two partners in advancing maritime solutions and expanding dual-fuel fleet capacity.

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Al Seer Marine Unveils AI Transformation Strategy with Deployment of AI Observer NOVA

  •  Al Seer Marine’s AI strategy to accelerate automation, enhance efficiency, shipbuilding, fleet management.
  • The launch of NOVA marks the maritime sector’s first AI-powered, non-voting Board Observer.
  • Key features include live boardroom queries, predictive scenario modelling, and automated oversight across all subsidiaries and joint ventures.
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Al Seer Marine Reports Increase in Operating Profit to AED 156 Million with AED 698 Million in Revenue for the First Half of 2025

  • Revenue rises 20.2% year-on-year, supported by enhanced asset utilisation.
  • Gross profit climbs 81.7% to AED 89 million, with gross margin expanding from 8.4% to 12.7%.
  • Cash balance grows 178% to AED 490 million, driven by stronger collections.
  • Total assets rise 7.6% to AED 8.1 billion, whilst total borrowings decrease by 16%.

Abu Dhabi, Monday 28th ofJuly 2025: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announces its financial results for the first half of 2025. The company posts revenue of AED 698 million, marking a 20.2% increase compared to the same period last year.

Continue reading Al Seer Marine Reports Increase in Operating Profit to AED 156 Million with AED 698 Million in Revenue for the First Half of 2025

Al Seer Marine and B International Shipping & Logistics Launch New JV, securing AED 660 million LPG Charter Deal with BGN

  • ‘ASBI Shipping FZCO’ is the new joint venture between Al Seer Marine’s ASM Nautical Holding and B International Shipping & Logistics– an affiliate of the BGN group of companies.
  • ASBI has secured two 22,000 cbm semi-refrigerated vessels, chartered for 10 years by BGN INT DMCC to serve growing LPG demand.
  • Abu Dhabi Commercial Bank provided AED 210M in secured term loans for the vessel purchase

Abu Dhabi, Monday 2nd June 2025, Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a subsidiary of IHC (ADX: IHC), has partnered with B International Shipping & Logistics, an affiliate of top energy trader BGN, to launch a Joint Venture ‘ASBI Shipping FZCO’. This new joint venture will own and operate mid-sized liquefied petroleum gas (LPG) and product tankers, strengthening regional and global LPG logistics.

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