Al Seer Marine PJSC (ASM), a global player across multiple marine sectors, has launched a new product range by developing high-speed ferries in collaboration with French design and innovation company SEAir.
This is at a time the global Marine Hybrid market is expected to grow from $3.93 billion in 2021 to almost $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, according to a Fortune Business Insight report.
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.
Vessels for public maritime
This cooperation will enable Al Seer Marine, a subsidiary of International Holding Company (IHC), 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.”
“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 is already a leader in marine services in the region and has been expanding rapidly in the commercial shipping segment.
The company aims to increase its fleet to become the largest in the Mena market and is analysing expansion initiatives in product tankers, gas tankers, and dry bulk shipping sectors, with short-term plans of acquiring 10 to 15 ships in 2022.
Earlier in the year, Al Seer Marine launched its additive manufacturing business unit, leveraging the latest additive manufacturing technologies for the company’s in-house manufacturing of unmanned vessels and vehicles. The business unit will also develop large-scale additive manufacturing (LSAM) products and parts that are in high-demand regionally and globally.-- TradeArabia News Service