Al Seer Marine Secures $207M from ADCB to Propel Maritime Innovation

Malaz Madani

Last updated 9-07-2025

3 min

Al Seer Marine secures AED 760 million from ADCB to boost growth and diversify its fleet.

This funding enhances Al Seer Marine's strategic expansion into LNG, LPG, and petrochemicals.

Al Seer Marine strengthens ties with local and international financial institutions for future projects.

They are innovating with unmanned vessels, 3D printing, and naval shipbuilding.

The company is poised to shape the maritime landscape with its forward-thinking initiatives.

Abu Dhabi-based maritime heavyweight Al Seer Marine has just locked in a hefty AED 760 million (around USD 207 million) financing package from Abu Dhabi Commercial Bank (ADCB), according to a recent release. The eight-year facility, which is secured via first-priority mortgages on selected operational vessels, sets the company up neatly for accelerated growth and a more diversified fleet.

This isn't the first rodeo for Al Seer Marine and ADCB: back in early 2025, ADCB had extended a neat AED 210 million facility to ASBI Shipping FZCO—a joint venture between Al Seer Marine and B Shipping—to assist with acquiring small and midsize LPG vessels. ADCB acted once again as sole underwriter and Mandated Lead Arranger for this latest deal, putting their ongoing collaboration firmly in the maritime spotlight.

Guy Neivens, Al Seer Marine's CEO, seemed confident about the arrangement. He mentioned that Al Seer is proactively optimising its capital structure, which, well… I think is spot on given the current momentum in UAE's maritime sector. According to Neivens, this kind of funding positions the company comfortably to tap into burgeoning segments like LNG, LPG, crude oil, and petrochemicals.

It’s intriguing—and pretty impressive—to see how well Al Seer has strengthened partnerships with not just local powerhouses like Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB), but with international institutions too, notably China's BOCOM Leasing.

And believe it or not, the financial backing from such big players helps Al Seer Marine to dive into ambitious projects beyond traditional maritime services. They've ventured into futuristic tech, developing unmanned vessels, maritime-focused 3D printing—operating what they say is the world's biggest 3D printer—and even naval shipbuilding. Clearly, they're not messing about; they're serious about preparing their fleet for the future.

From my experience here at Arageek, it’s precisely this forward-thinking spirit that the MENA startup and innovation scene needs. Fresh investment—not just into traditional heavy industries, but also the cutting-edge segments that will shape our ports and seas—is exactly the shot in the arm regional innovation needs.

That said, the pressure will definitely be on Al Seer Marine to deliver on such big promises and make good on the trust from these big-ticket investors. But given their track record, I'd reckon they're more than up for the task. It's always great to see local players gearing up their growth ambitions, and personally, I'm quite chuffed to bits whenever maritime innovators like Al Seer Marine decide to set sail into new waters.

So while we all keep a keen eye on Al Seer’s next moves, I think it's safe to say they’re on course to shape up the maritime landscape across the region.

(And I promise any "seasiness" in my maritime puns is purely accidental.)

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