Emirates News Agency – Al Seer Marine to launch fastest, tech-advanced high-speed ferries in MENA region

ABU DHABI, 30th June, 2022 (WAM) — Al Seer Marine PJSC (ASM), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), has launched a new product range by developing high-speed ferries in collaboration with French design and innovation company SEAir.

The new high-speed ferries under development will utilise SEAir’s extensive expertise in creating innovative maritime technologies, including hydrofoils that reduce fuel consumption, and patented technologies that support stability and shock mitigation. As a result, the vessels will be more cost-effective and safer with the ability to reach the fastest top speeds in the MENA region.

This cooperation will enable Al Seer Marine to develop vessels for public maritime transportation that can carry 60 – 80 passengers. The new vessels will have a direct positive impact on customers by reducing ticket prices, improving safety parameters and shortening travel time.

Guy Neivens, CEO of Al Seer Marine, said, “The regional market for passenger ferries is expected to gain traction in the future. This strategic partnership is the latest development in Al Seer Marine’s ongoing long-term expansion as a major player in the maritime industry.”

According to the Fortune Business Insight report, the global Marine Hybrid market is expected to grow from US$3.93 billion in 2021 to almost US$10 billion in 2029 at a growth rate of 11.71% in the forecast period. The Middle East and Africa region is also expected to increase at a considerable compound annual growth rate during the project period.

“We are seeing an increasingly high demand from new global and regional clients, as well as new opportunities in the Middle East and Africa market as we launch new product lines and areas of operation that drive innovative technological advancement in the business,” Neivens added.

Al Seer Marine aims to increase its fleet and is analyzing expansion initiatives in product tankers, gas tankers, and dry bulk shipping sectors, with short-term plans of acquiring 10 to 15 ships in 2022.


This content was originally posted at Emirates News Agency on the Source link .

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