Carrier’s fleet now totals 16 vessels with two additional VLGCs under construction
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.
Delivered on 14 August 2025 by Hyundai Samho Heavy Industries (HSHI) in South Korea, with a capacity of 86,423 CBM, the vessel further establishes Al Seer Marine’s leadership in the global shipping industry. A syndicated sharia-compliant facility, led by the Abu Dhabi Islamic Bank (ADIB), was used to finance the purchase of the Merak and two additional VLGCs.
First voyage
Managed by Fleet Management Singapore, Merak has begun her first voyage to the US Gulf to load her initial shipment of propane and butane. Following the delivery of Merak, ABGC DMCC now anticipates the arrival of the two carriers currently under construction from its order placed in 2023: a VLGC from South Korea’s Hyundai Samho Heavy Industries, expected in November 2025, and an LPG/NH3 carrier from Japan’s Kawasaki Heavy Industries, scheduled for delivery in October 2025.
“From the outset, we recognised the significant role of alternative fuel shipping in the transition of the global energy supply. Driven by this insight, we have shaped our strategy around fleet and cargo diversification to meet evolving market demands,” noted Guy Neivens, Chief Executive Officer, Al Seer Marine.
Strategic ambitions
“With its advanced capabilities, the Merak also supports BGN’s strategic ambitions as we build on our success in the LPG market and scale our operations to expand into ammonia trading, which has always been a key objective in our growth plans,” remarked Rüya Bayegan, BGN Group CEO.
With the addition of Merak, Al Seer Marine currently operates a diverse fleet of 16 vessels, through direct ownership and joint ventures, spanning LPG carriers, crude and product tankers, Very Large Crude Carriers (VLCCs), Medium Range (MR) tankers, bulk carriers, and VLGCs.
