
Al Seer Marine Secures AED 760m to Drive Fleet Expansion
Al Seer Marine, based in Abu Dhabi, has secured a new AED 760 million (US$207 million) financing facility from Abu Dhabi Commercial Bank (ADCB) to support its fleet growth and investment strategy.
The 8-year facility is secured via vessel mortgages, continuing the company’s asset-backed financing model. ADCB previously supported Al Seer with a US$57 million loan for LPG tanker acquisitions through its joint venture with B Shipping.
“We’re proactively optimising our capital structure to unlock high-value, high-growth opportunities and reinforce our role as a powerhouse in delivering the UAE‘s maritime vision. With this funding arrangement, we’re well-placed to serve the country’s momentum to accelerate investment across LNG, LPG, crude oil, and petrochemicals,” said Guy Neivens, Chief Executive Officer of Al Seer Marine
Al Seer Marine has been supported by several leading financial institutions, including local lenders such as Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB), and global players like BOCOM Leasing, China’s foremost maritime financier. The company has utilised this financial backing to develop its shipping fleet while making strategic investments across various maritime sectors.
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