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

June 30, 2022
  • The global Marine Hybrid Propulsion market size is anticipated to reach USD 10 billion by 2029
  • Al Seer Marine’s new product range to expand portfolio in the public marine transportation sector
  • The capacity of the new high-speed vessels to be between 60 and 80 passengers
  • New vessels to utilise SEAir’s advanced eco-friendly hydrofoils technology

Abu Dhabi, UAE; 30 June 2022: 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 USD 3.93 billion in 2021 to almost USD 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 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 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. 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.