‘Al Seer Marine’ commenced construction of its first Very Large Gas Carrier

‘Al Seer Marine’ commenced construction of its first Very Large Gas Carrier

WAM: Al Seer Marine (ASM), a global player across multiple marine sectors and a subsidiary of International Holding Company (IHC), performed the steel cutting ceremony for its first Very Large Gas Carrier (VLGC), named Lucky Gas.

Last year, Al Seer Marine formed a joint venture – named ABGC DMCC, with BGN International – to build two new VLGCs. It awarded the contract to Hyundai Heavy Industries in Korea. This follows a projected boost in the VLGC segment with growing liquified petroleum gas (LPG) trade relationships between multiple regions, including the Middle East and Asia, Western Africa and Europe, and the United States.