Al Seer Marine, a frontrunner in the maritime industry and a subsidiary of IHC, has secured AED 760mn (US$ 207mn) financing facility from Abu Dhabi Commercial Bank (ADCB).
The eight-year facility is secured through first-priority mortgages over a selected group of operating vessels, reinforcing the company’s capital efficiency and asset-backed growth strategy.
In early 2025, ADCB provided an AED 210mn (US$ 57mn) facility to ASBI Shipping, the joint venture between Al Seer Marine and B Shipping, to support the acquisition of small and midsize LPG tankers, according to a press report.
Accelerating investment
“With this funding arrangement, we’re well-placed to serve the country’s momentum to accelerate investment across LNG, LPG, crude oil, and petrochemicals. ADCB’s continued partnership reflects deep institutional trust in our long-term strategy,” stated Guy Neivens, Chief Executive Officer, Al Seer Marine.
Al Seer Marine has steadily earned the confidence of top-tier financial institutions, securing support from local leaders such as Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB), while forging strategic ties with global players like BOCOM Leasing—China’s foremost maritime financier.
