Al Seer Marine (ASM), a subsidiary of International Holding Company (IHC), is in negotiations for a long-term contract for carriage of 2 million tonnes annually, the company said.
The new contract talks are part of the company’s bid to expand bulk cargo operations globally.
ASM Chartering set a target of transporting 2-3 million tonnes of bulk cargoes in 2022.
Guy Neivens, chief executive officer of Al Seer Marine, said there has been a rise globally in demand for dry bulk tonne-mile trade, with 2021 recording a 3.7 percent increase.
This year the growth is forecast at about 1.4 percent, he said.
“Al Seer Marine will capitalise on this trend and increase our capacity, transporting about 2-3 million tonnes of bulk cargoes in 2022,” Neivens said.
“Given the fragmented nature of this market, we are seizing the opportunity to consolidate cargo volumes and plan to establish a world-class and transparent commercial maritime business through strategic partnerships across the Middle East region,” he added.
The company also aims to increase its fleet to become the largest in the MEA market, with plans to add product tankers, gas tankers, and dry bulk shipping sectors.
It is eyeing to acquire 10 to 15 ships in 2022.
Currently, ASM manages a total of five dry bulk and general cargo ships and provides freight solutions to an international mining group for approximately 850,000 metric tonnes of iron ore from Asia Pacific to East Asia.
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