Al Seer Marine achieves fleet of 18 vessels in just three years

The Abu Dhabi-based Al Seer Marine, the ADX-listed subsidiary of IHC, has completed the first stage of the expansion of its commercial shipping division, marking a major milestone by reaching a total fleet of 18 vessels in just three years.

In partnership with energy and commodities trading company BGN, Al Seer Marine has also completed its dual-fuel VLGC fleet program through their joint venture ABGC DMCC.

The delivery of the final two vessels from the 2023 order, Megrez (86,925 cbm) and Mizar (88,000 cbm), on October 31 and November 3, 2025, respectively, brings the joint venture’s VLGC fleet to five vessels.

The vessel Megrez was built by Kawasaki Heavy Industries at its Sakaide Shipyard in Japan, while Mizar was constructed by Hyundai Samho