American Eagle News

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October 22, 2024

Bulkers In High Demand Among Ship Owners

Ship owners have kept on buying more second hand dry bulk carriers over the last week. In its latest weekly report, shipbroker Banchero Costa said that there was “busy drybulk activity with action taking place in all the different segments. We see some pressure on prices filtering and a few softer sale were recorded, though the appetite for modern, eco-type remains strong and levels supported. Starting from Capesizes, the Japanese controlled SPRING BRIGHT 175,000 dwt built 2010 Namura invited offers last Tuesday and she is now reported sold for a price in the region of $29 mln basis SS due Q1 upon delivery. A similar Chinese Capesize, HERO 178,000 dwt built 2010 SWS invited offers too and she was rumored receiving bids around $25 mln at best. As comparison the SEALEADER II 180,000dwt built 2011 Qingdao Beihai was sold in October for $28 mln”.

Source: Banchero Costa

Meanwhile, “fFew Kamsarmax were reported last week. NAVE OPTIMUS 82,000 dwt built 2012 Jiangsu Eastern was reported sold to at $16 mln and PAN ENERGEN 82,000 dwt built 2012 New Times recorded bids at very similar levels. In comparison the Japanese built BULK PORTUGAL 82,000dwt built 2012 Tsuneishi Japan marked an higher price of $22.5m a sign of the gap between Chinese and Japanese tonnage. In the eco type…

How Non-residents Can Open A Bank Account In The Uae: A Whole Guide

Consulting services in the UAE

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October 17, 2024

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Sure, expats can open a checking account in the UAE with relative ease. However, it’s necessary to satisfy particular necessities designed for expatriates to ensure a easy process. With funds in your account, you are able to bank account opening in Dubai go. Inside a day or two, a local supply team will contact you to arrange the delivery of your new debit card.

Opening a UAE checking account for non residents is a great transfer for anyone who resides overseas.
As An Alternative, I’d advocate skipping the traditional options altogether (both UAE and European traditional banks) and looking on the newer, extra flexible gamers like Revolut, Clever, or N26.
Some banks additionally require financial institution statements out of your nation.
“If you don’t have an Emirates ID, it comes with a lot of limitations – suppose no debit card, no cheque e-book, and a heavy reliance on outdated methods.
As a non-resident, will be subject to a minimal and/or maximum balance.

Liv X – Mobile Banking App

Hold in thoughts, any further checks or particular business account setups would possibly add some additional time, but total, Emirates NBD strives to make account opening hassle-free. Sure, a non-resident of Dubai UAE can use their bank account for international transactions, however the financial institution may require extra documentation or authorization to validate the transaction. “The UAE is an attractive banking destination because of its economic and political stability, friendly international relations, and absence of restrictions on capital motion. Moreover, UAE banks offer aggressive rates of interest, making them appealing for financial savings. Nonetheless, holding funds in a UAE bank account doesn’t provide tax advantages until the account holder is a UAE tax resident,” Vinahradava further elaborated.

bank account opening in Dubai minimum balance

These debit cards perform internationally and at various ATMs. Additionally, your financial institution offers a Swift code and IBAN account quantity, facilitating straightforward transfers using your new account. The Emirates Islamic Present Account functions as a transaction account, offering a checking possibility for the accountholder. This account contains Debit card amenities, a check-book, and various different banking benefits.

International Access

bank account opening in Dubai minimum balance

Earlier Than delving into the process of opening a checking account within the UAE, it’s important to grasp the varied kinds of financial institution accounts out there. These accounts cater to each non-residents and residents of the UAE. Nevertheless, the rise of these bigger international institutions has brought on many native banks to supply nice services at competitive charges. If you’ve just landed in Dubai and are planning on an extended stay, you’re probably making plans to open a overseas checking account. The good news is, with Dubai being the most populous metropolis within the UAE not to mention a major enterprise hub, you’ll have a lot of financial establishments to select from.

“This means you won’t have entry to essentials like a cheque e-book or a debit card. While this will seem minor, it’s a significant inconvenience as many monetary transactions in the UAE nonetheless rely heavily on cheques,” he said. After an preliminary compliance review, banks might request additional data based mostly on the individual’s profile. Physical presence in the UAE is obligatory to open an account,” she explained. Nonetheless, consultants who spoke to Gulf Information spotlight that there are particular requirements and restrictions you could encounter. Whether Or Not you’re an investor, a enterprise owner, or somebody managing finances in the UAE, understanding the method and stipulations can prevent time and effort.

Adib Cellular Banking

Reading reviews and evaluating services may help you make an knowledgeable choice. Whether Or Not you’re transferring for work or a fresh start, establishing a bank account is an important step in managing your funds. This information will walk you thru the method of opening a checking account in Dubai from overseas and assist you select the best bank on your needs.

The system is recognized for its stability, attributed to the banks’ substantial liquidity buffers and resilient capital levels. You can open an account with FAB in case you are a UAE National or UAE resident. No, there aren’t any restrictions on utilizing a company’s bank account for worldwide transactions.

Fix Api Definition Forexpedia By Babypips Com

FinTech

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October 16, 2024

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Anyone with a cTrader account can access their trading account by way of FIX classes. One of the best options of using cTrader FIX API is that you can simply switch between API connection and a rich buying and selling interface. The FIX API platform is designed with an intuitive person interface, making it a stroll within the park for beginners, whereas still providing the efficiency and superior features that skilled traders require. It’s akin to having an computerized transmission in a high-performance sports activities automotive.

fix api forex

Wide Selection Of Monetary Markets

Usually, a dealer or change will publish rules of engagement on how messages are used. Since then, the expertise has been extended significantly and is being utilized by hundreds of digital buying and selling companies around the world. FIX API Protocol has a high-security degree due to the https://viisan-eu.com/fintech/a-book-how-foreign-exchange-brokers-handle-their/ absence of intermediate servers in the data switch chain. FIX messages are lean by means of how simple they are to generate, transmit and interpret, which reduces round-trip latency. In today’s world, trading must be as cell as a rolling stone.

High-speed Trading

fix api forex

Brokers use FIX API to receive prices from the market and execute their shoppers’ orders. You will want to move the placement of the ‘config’ file as a parameter, and you should see reside value knowledge in the console. Once you’ve this project set up you should be capable of run “python client.py” and you must see the monetary data. We provide clean forex and CFD knowledge by way of easy-to-use supply methods. We use TCP Socket and FIX protocol, making it easier to receive knowledge.

We introduce people to the world of buying and selling currencies, both fiat and crypto, by way of our non-drowsy educational content and tools.
Integrate any customized platform into the secure setting of a regulated Swiss bank.
FIX API, known for its streamlined and environment friendly interface, offers a cockpit that’s intuitive but comprehensive.
FIX API employs top-notch safety measures and adheres to strict regulatory standards, offering merchants a safe and secure buying and selling environment.
In the dynamic world of Foreign Exchange trading, the advent of know-how has ushered in a plethora of innovations, one of which is the emergence of FIX API Foreign Exchange brokers.
In this text, we will provide an introduction to FIX API in the foreign exchange industry.

Superior Trading Robots¶

Your system can then be simply set up to access streaming and historic price quotes, in addition to place market or limit orders over secure communication channels. Faucet directly into the interbank market from your custom platform for elevated management and performance. Due to the simplicity and effectiveness, FIX Protocol has shortly become the standard communication technique in the financial trade throughout all asset classes fix api integration. It is now extensively used for performing any buying and selling or financial operation everywhere in the world. It is an industry-driven machine-to-machine communication protocol that has been particularly created to deal with large quantities of monetary information and transmit that information as quick as potential.

Buying And Selling through FIX additionally offers absolutely limitless alternatives to customise your buying and selling in phrases of liquidity and the use of proprietary algorithms. The primary distinction between FIX API and SWIFT is that FIX is solely a protocol that can be utilized in peer-to-peer messaging. In distinction, SWIFT is a community that provides an infrastructure to help the trade of messages. FIX API technology has been used by the biggest financial institutions since 1992 with outstanding reliability.

These embody all main, minor, and unique Foreign Exchange pairs, international stocks, leading cryptocurrencies, and numerous commodities like gold and grain. The Financial Info eXchange (FIX) protocol is a world normal for electronic buying and selling developed to enable greater connectivity among market individuals. FIX API know-how permits investors to keep their buying and selling nameless on their own computers, eliminating the concern of exposing their algorithms to anyone else. This, in turn, gives the investor the security of figuring out that their trading methods is not going to be leaked to any industrial platforms. FIX API tech allows for the flawless real-time transfer of astronomical amounts of trade-related information, together with pre and submit commerce info.

FIX Protocol was created in the early Nineties for establishing electronic communication between exchanges, brokers, banks and institutional individuals corresponding to hedge funds. This doc supplies an summary of the important thing FIX 4.4 message types supported by the TraderMade market data server. It is meant for client builders who need to integrate their FIX initiator with the TraderMade FIX acceptor. FIX API has been a trending phrase amongst Foreign Exchange professionals for the past decade. The technology has confirmed to be the quickest and one of the most Digital asset safe methods to trade in FX.A FIX API is an utility programming interface (API) that uses FIX protocol. In our case, FX FIX API is a way to join instantly with a specific Liquidity Supplier or aggregator.

The Fix Api Protocol: Unraveling The World Of Financial Trading And Order Sorts

This eliminates any latency that would potentially harm an otherwise sound trading technique. Institutional merchants may use FIX API for creating proprietary methods that enable them to open trades on any account they have with any dealer from a single system. Liquidity providers and value makers corresponding to banks or exchanges use FIX API to supply prices to brokers or hedge funds. The situation changed fully in 2016, when Spotware Methods Ltd grew to become the first retail-focused technology company to provide a FIX API to anybody without prejudice. A FIX API could be obtained by way of cTrader with no situations applied such as minimum buying and selling volume or minimum deposit size.

With FXOpen’s FIX API, you acquire direct entry to deep liquidity swimming pools, ensuring lightning-fast trade execution. We introduce people to the world of trading currencies, each fiat and crypto, via our non-drowsy academic content material and tools. We’re also a neighborhood of merchants that support one another on our every day trading journey. FIX doesn’t allow merchants to question any specifics concerning their actual buying and selling account, such as Fairness, Stability, Available Margin, Open/Closed Orders, etc. FIX API provides the flexibility to devour huge amounts of data and in a structured way in addition to submit various kinds of requests with absolutely the minimal amount of latency attainable.

At Present, FIX API remains the most widely used messaging protocol within the on-line trading industry. Despite https://www.xcritical.com/ being almost 30 years old, no significantly better, cheaper or quicker alternatives have come near challenging the dominance of FIX API. There are many variations of FIX messaging protocol in use, the most recent being version 5.zero. Nevertheless, essentially the most generally used version in the forex community is model four.four.

Al Seer Marine Secures USD 80 Million Financing from BOCOM Leasing for MR Tankers Betelgeuse and Bellatrix – Main Feed

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October 16, 2024

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Al Seer Marine Secures USD 80 Million Financing from BOCOM Leasing for MR Tankers Betelgeuse and Bellatrix – Main Feed

This agreement marks the first collaboration between Al Seer Marine and BOCOM Leasing, establishing a new partnership in the maritime industry.
This financing is a milestone for Al Seer Marine, as it secures its first funding from outside the UAE. It empowers the company to expand its operations and invest in modern, eco-friendly vessels, strengthening its position within the global maritime landscape.

Abu Dhabi, 16 October, 2024: Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a subsidiary of International Holding Company (ADX: IHC), is pleased to announce that it has secured USD 80 million in financing from BOCOM Financial Leasing Co., Ltd (BOCOM Leasing), a subsidiary of the Bank of Communications, one of China’s largest commercial banks, for its newly delivered MR tankers, Betelgeuse and Bellatrix. This transaction represents the first financing that Al Seer Marine has secured for its shipping fleet from outside the UAE.

These two tankers have been built ready for alternative fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol, ensuring compliance with the latest environmental regulations. With a deadweight of 49,757 MT each, both vessels are IMO II/III oil and chemical tankers designed to carry six fully segregated grades of cargo and have been fixed on five-year time charters (TC) to Reliance International DMCC.

Guy Neivens, CEO of Al Seer Marine, said: “Securing this financing from BOCOM Leasing is a key step in our strategy to diversify funding sources and strengthen our fleet with backing from both local and international financial institutions. It highlights the robustness of our financial performance, which continues to attract global investors like BOCOM. This deal reflects strong confidence in the future revenue potential of Al Seer Marine, driven by the expected rise in global demand for liquefied natural gas (LNG) and petrochemicals. As the world shifts towards sustainable energy sources, we are well-positioned to capitalise on these trends and drive sustainable growth for our company and its stakeholders.”

WU Jiajun, Deputy CEO of BOCOM Financial Leasing Co., Ltd, stated: “At BOCOM, we maintain high standards in selecting projects to invest in, and Al Seer Marine is one of the companies we trust to be a long-term cooperation, delivering satisfying returns on investment. We are thrilled to embark on this new collaboration with Al Seer Marine, a company that shares our commitment to innovation and sustainability in the maritime industry. This leasing agreement marks the beginning of what we anticipate being a strong and mutually beneficial cooperation.”

Al Seer Marine is an important part of the UAE’s maritime sector, contributing to attract substantial global investment and supports the UAE’s strategy to become a global hub for commercial shipping. This developing sector is creating new opportunities for growth and innovation. The cooperation between Al Seer Marine and BOCOM Leasing underscores the UAE’s status as a prime destination for international maritime investments, further reinforcing its position as a key player in the global maritime arena.

–ENDS-

About Al Seer Marine (ASM)

Al Seer Marine (ADX: ASM), a subsidiary of International Holding Company (IHC), is a global maritime organisation headquartered in Abu Dhabi. Our extensive service portfolio encompasses commercial shipping, yachting, boat building, large-scale 3D printing, unmanned vessel platforms and capabilities, and cutting-edge technological innovations. We seamlessly integrate top-tier services, innovative technological solutions, and a proven track record of operational excellence.

Whether it’s operating a fleet of superyachts with luxurious precision, owning & operating a fleet of commercial vessels, employing innovative additive manufacturing processes, or engineering futuristic unmanned vessels, Al Seer Marine stands as a beacon of expertise, capability, and excellence, capable of transforming any maritime vision into a reality.

Our comprehensive service approach ensures a seamless journey from conception to realization, leveraging the latest in commercial ship and yacht management innovations. Our dedicated boat building team not only excels in additive design techniques and precision builds but also offers extensive training and expert maintenance, ensuring the longevity and performance of our creations.

www.alseermarine.com

About International Holding Company (IHC)

IHC was founded in 1998 as part of an initiative to diversify and develop non-oil business sectors in the UAE and has grown to become the most valuable listed holding company in the Middle East with a market cap of AED 895 billion as of June 30, 2024. IHC endeavors to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region’s largest conglomerates. IHC is included in FTSE ADX 15 Index (FADX 15), representing the top 15 largest and most liquid companies on the ADX.

IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations. Comprising more than 1,000 subsidiaries, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Asset management, Healthcare, Real Estate and Construction, Marine and Dredging, IT and Communications, Financial Services, Food Production and Service, Utilities, and Services.

With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities through direct ownership and entering partnerships in the UAE and abroad. As the world changes and new opportunities arise, IHC remains focused on resilience, innovation, and redefining the marketplace for itself, its clients, and its partners.

www.ihcuae.com

About BOCOM Financial Leasing Co., Ltd (BOCOM Leasing)

BOCOM Financial Leasing Co., Ltd is a wholly owned subsidiary of Bank of Communications, which is one of the big five commercial banks in China. It adheres to the development strategy of “professionalization, internationalization, differentiation, and specialization”. Bocom Leasing is also an officially licensed and regulated financial leasing company with a deep participation in global shipping finance business for years. At the end of the first half of 2024, the company’s total assets amounted to 60.61 billion US dollars, with a lease asset scale of 54.06 billion US dollars. The company’s registered capital, lease asset balance, operating revenue, net operating income, total profit, net profit, net increase in lease assets, and shipping portfolio all rank first in the industry.

الصير مارين تبرم اتفاقًا مع “بوكوم ليسينغ” بقيمة 80 مليون دولار لتمويل ناقلتي بيتيلجوس وبيلاتريكس

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October 16, 2024

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أبوظبي، 16 أكتوبر، 2024: أعلنت شركة الصير مارين للمعدات والتوريدات البحرية،إحدى الشركات الرائدة في القطاع البحري، والتابعة للشركة العالمية القابضة، عن حصولها على تمويل بقيمة 80 مليون دولار من شركة “بوكوم ليسينغ” للتأجير التمويلي المحدودة، التابعة لبنك الاتصالات، أحد أكبر البنوك التجارية في الصين، وذلك لتمويل ناقلتي بيتيلجوس وبيلاتريكس، اللتين تم تسليمهما حديثًا. وتمثل هذه الصفقة أول تمويل تحصل عليه الصير مارين لأسطولها البحري من جهة تمويلية من خارج دولة الإمارات.

تم تجهيز الناقلتين من طراز IMO II/III،

لتشغيلهما باستخدام الوقود البديل؛ مثل الغاز الطبيعي المسال، والأمونيا، والميثانول، ما يضمن امتثالهما لأحدث التشريعات البيئية. وتبلغ الحمولة الساكنة لكل ناقلة 49,757 طنًا، ويمكنهما نقل ست شحنات منفصلة تمامًا من النفط والمواد الكيميائية، وقد تم تأجير الناقلتين بعقد مدته خمس سنوات لشركة “ريلاينس إنترناشيونال دي أم سي سي”.

وقال جاي نيفينز، الرئيس التنفيذي لشركة الصير مارين للمعدات والتوريدات البحرية: “يُعد الحصول على هذا التمويل من “بوكوم ليسينغ” خطوة رئيسة في استراتيجيتنا لتنويع مصادر تمويلنا، وتعزيز أسطولنا بدعم من المؤسسات المالية المحلية والدولية، ما يؤكد على قوة أدائنا المالي الذي يجذب المستثمرين العالميين مثل “بوكوم ليسينغ”. وتعكس هذه الصفقة الثقة الكبيرة في إيراداتنا، مدفوعة بالارتفاع الكبير المتوقع في الطلب على الغاز الطبيعي المسال والمنتجات البتروكيماوية، مواكبة للتوجه العالمي بالتحول لمصادر الطاقة الأكثر استدامة، وقد قمنا بالاستعداد للاستفادة من هذا التحول لتنمية أعمالنا وزيادة العوائد لشركائنا.”

من جانبه، قال وو جياجون، نائب الرئيس التنفيذي لشركة “بوكوم ليسينغ” للتأجير التمويلي المحدودة: “نلتزم في شركتنا بأعلى المعايير في استثماراتنا والمشاريع التي نموّلها، ونتشارك مع الصير مارين في تبني الابتكار والاستدامة في القطاع البحري، ولدينا ثقة عالية بقدرتها على تحقيق عوائد استثمارية متميزة على المدى البعيد، ونحن حريصون على إطلاق هذا التعاون الجديد، الذي سيمهد الطريق لبناء شراكة متينة ومثمرة بين الطرفين.”

تُعد الصير مارين لاعبًا رئيسًا في قطاع النقل البحري بدولة الإمارات، لتحقيق استراتيجيتها في أن تكون المركز العالمي للشحن التجاري، وذلك عبر إسهام الشركة في جذب استثمارات عالمية كبيرة في هذه الصناعة التي تشهد ابتكارات متنامية، وسيعزز هذا التعاون مكانة الدولة باعتبارها وجهة رئيسة للأعمال والشركات البحرية الدولية.

-انتهى-

نبذة عن الصير مارين للمعدات والتوريدات البحرية:

تعتبر شركة الصير مارين للمعدات والتوريدات البحرية (ADX: ASM) مؤسسة عالمية رائدة في القطاع البحري، ومقرها أبوظبي. تقدم الشركة مجموعة واسعة من خدمات الشحن التجاري، وإدارة اليخوت، وبناء القوارب، والطباعة ثلاثية الأبعاد للمجسمات الضخمة، إضافة إلى قدراتها في تطوير السفن والمنصات غير المأهولة ذاتية القيادة، وعدد من الابتكارات التكنولوجية المتقدمة. تدمج الشركة خدماتها عالية المستوى مع الحلول التكنولوجية المبتكرة، وتمتلك سجلًا حافلًا بالتميز في أدائها التشغيلي.

www.alseermarine.com

نبذة عن الشركة العالمية القابضة

تأسست الشركة العالمية القابضة في عام 1998 كجزء من مبادرة لتنويع وتطوير قطاعات الأعمال غير النفطية في دولة الإمارات العربية المتحدة ونمت لتصبح الشركة القابضة المدرجة الأكثر قيمة في الشرق الأوسط بقيمة سوقية تبلغ 876 مليار درهم إماراتي اعتباراً من 31 مارس 2024. تسعى الشركة إلى تنفيذ مبادرات الاستدامة والابتكار والتنويع الاقتصادي عبر ما يُعد الآن إحدى أكبر التكتلات في المنطقة. وانضمت الشركة العالمية القابضة إلى مؤشر فوتسي سوق أبوظبي 15 “فاداكس 15” والذي يضم الشركات الخمسة عشرة الأعلى سيولة في سوق أبوظبي للأوراق المالية.

وتتمثل أهداف الشركة العالمية القابضة في تعزيز محفظتها من خلال عمليات الاستحواذ والاستثمارات الاستراتيجية وتجميع الأعمال. وتضم الشركة أكثر من 900 شركة تابعة، وتسعى إلى توسيع أصولها وتنويعها عبر عدد متزايد من القطاعات، بما في ذلك إدارة الأصول، والرعاية الصحية، والعقارات والإنشاءات والخدمات البحرية والتجريف والخدمات المالية، وتكنولوجيا المعلومات والاتصالات، والخدمات المالية، وإنتاج الأغذية، والخدمات، والمرافق والخدمات.

ومن خلال استراتيجيتها القائمة على تعظيم القيمة للمساهمين وتحقيق النمو، تحرص الشركة العالمية القابضة على رفع الأداء التشغيلي وزيادة الكفاءة في جميع القطاعات وخفض التكاليف إلى الحد الأقصى، كما تواصل العمل على استكشاف وتقييم أفضل فرص الاستثمار عبر الاستحواذ المباشر وبناء الشراكات داخل دولة الإمارات وحول العالم، لمواكبة التغيرات المتواصلة واقتناص أفضل الفرص، حيث تركز الشركة العالمية القابضة جهودها على زيادة المرونة في استثماراتها المبتكرة، وتشكيل الأسواق التي تستثمر فيها لخدمة عملائها وشركائها الاستراتيجيين.

www.ihcuae.com

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October 4, 2024

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Al Seer Marine Expands Fleet with Delivery of two new MR Tankers M.T. Betelgeuse and M.T. Bellatrix – Main Feed

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October 1, 2024

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Al Seer Marine Expands Fleet with Delivery of two new MR Tankers: M.T. Betelgeuse and M.T. Bellatrix

T. Betelgeuse and M.T. Bellatrix are IMO II/III oil and chemical tankers, designed to carry six fully segregated grades of cargo, with a deadweight of 49,757 MT each.

The six state-of-the-art MR tankers are built ready for alternative fuels such as Liquified Natural Gas (LNG), ammonia, and methanol.

Abu Dhabi, September 26, 2024: Al Seer Marine (ADX: ASM), a frontrunner in various maritime industries and a subsidiary of International Holding Company (ADX: IHC), has recently taken delivery of M.T. Betelgeuse and M.T. Bellatrix, the first two in a series of six New Building MR tankers from K Shipbuilding Korea. These new additions are intended to meet the rapidly growing demand for the transportation of clean petroleum products (CPP) and chemicals.

These ships were contracted from K Shipbuilding in November 2022, when Al Seer Marine ordered four IMO II/III tankers, followed by an additional two in February 2023. This significant increase to Al Seer Marine’s fleet strengthens its position as a key partner and investor in leading maritime companies in the UAE, including notable investments of over AED 1.45 billion in Abu Dhabi Ports and ADNOC Logistics and Services. These efforts are instrumental in establishing the marine industry as a cornerstone of the UAE’s vision and a key pillar of its “Projects of the 50” strategy.

“Al Seer Marine’s investment in product and chemical tankers was driven by our strategic vision to diversify our fleet and capitalize on the growing demand and global trade in refined petroleum products and chemicals. In the recent years, this market has been characterized by increasing industrial activity, stringent environmental regulations, and complex supply chains. With these new additions, we aimed to keep our position as a key player in this growing segment, leveraging our expertise to meet the evolving needs of our clients while ensuring long-term growth and profitability.” stated Guy Neivens, CEO at Al Seer Marine.

“This investment aligns with the company’s broader strategy to enhance its commercial shipping portfolio, ensuring resilience and adaptability in a dynamic market environment. Each of these six state-of-the-art MR tankers is equipped with an Exhaust Gas Cleaning System (EGCS). Moreover, they are built ready for alternative fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol, making them perfectly suited for future usage in a rapidly evolving industry, ensuring compliance with the strictest environmental regulations for decades to come,” stated Nitin Mathur, Head of Commercial Shipping at Al Seer Marine.

“M.T. Betelgeuse and M.T. Bellatrix, 49,757 MT deadweight, IMO II/III oil and chemical tankers, are designed to carry six fully segregated grades of cargo, epitomising the advanced capabilities and forward-thinking design of our fleet. They are chartered to Reliance Industries (Middle East) DMCC and will trade globally” he added.

As of the first half of 2024, the total value of Al Seer Marine’s assets reached AED 7.5 billion, with total revenue growth climbing to AED 580 million. Investing in a modern, durable fleet is expected to boost these figures further, supporting the company in achieving sustainable growth and operational efficiency, and generating increased value for investors and shareholders. This strategic move will further support positioning the UAE as a frontrunner in alternative fuel supply chains.

Al Seer Marine’s strategic expansion, including the addition to the fleet and pioneering Unmanned Surface Vehicle (USV) services, reinforces its leadership in the maritime sector. By leveraging innovative technologies such as 3D printing, the company is driving industry transformation and demonstrating a strong commitment to sustainability. These advancements support Al Seer Marine for continued growth and long-term value creation.

–ENDS-

About Al Seer Marine (ASM)

Al Seer Marine (ADX: ASM) is a global maritime organisation headquartered in Abu Dhabi. Our extensive service portfolio encompasses commercial shipping, yachting, boat building, large-scale 3D printing, unmanned vessel platforms and capabilities, and cutting-edge technological innovations. We seamlessly integrate top-tier services, innovative technological solutions, and a proven track record of operational excellence.

www.alseermarine.com

About International Holding Company (IHC)

IHC was founded in 1998 as part of an initiative to diversify and develop non-oil business sectors in the UAE and has grown to become the most valuable listed holding company in the Middle East with a market cap of AED 895 billion as of June 30, 2024. IHC endeavors to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region’s largest conglomerates. IHC is included in FTSE ADX 15 Index (FADX 15), representing the top 15 largest and most liquid companies on the ADX.

IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations. Comprising more than 1,000 subsidiaries, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Asset management, Healthcare, Real Estate and Construction, Marine and Dredging, IT and Communications, Financial Services, Food Production and Service, Utilities, and Services.

With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities through direct ownership and entering partnerships in the UAE and abroad. As the world changes and new opportunities arise, IHC remains focused on resilience, innovation, and redefining the marketplace for itself, its clients, and its partners.

www.ihcuae.com

الصير مارين توسع أسطولها مع تسلم ناقلتي “بيتيلجوس” و”بيلاتريكس” من طراز متوسط الحمولة

Arabic

Creative team

-

September 26, 2024

0

الصير مارين توسع أسطولها مع تسلم ناقلتي “بيتيلجوس” و”بيلاتريكس” من طراز متوسط الحمولة

يبلغ الوزن الساكن للناقلتين الجديدتين من نوع “آي أم أو “II/III نحو 50 ألف طن، ويمكنهما نقل النفط والمواد الكيميائية، وحمل ست شحنات منفصلة تمامًا من البضائع

تم تصميم الناقلات الست لتشغيلها باستخدام أنواع متعددة من الوقود البديل؛ مثل الغاز الطبيعي المسال والأمونيا، والميثانول

أبوظبي، 26 سبتمبر 2024: تسلمت شركة الصير مارين للمعدات والتوريدات البحرية، إحدى الشركات الرائدة في القطاع البحري، والتابعة للشركة العالمية القابضة ، ناقلتي “بيتيلجوس” و”بيلاتريكس”، وهما أول ناقلتين تستلمهما الشركة ضمن مجموعة تتكون من ست ناقلات متوسطة الحمولة، تم بناؤها بواسطة شركة “كي لبناء السفن” الكورية. تأتي هذه الإضافة الجديدة لأسطول الشركة لتلبية الطلب المتزايد على نقل المنتجات البترولية النظيفة والمواد الكيميائية

تم التعاقد على بناء هذه السفن في نوفمبر 2022، عندما طلبت الصير مارين أربع ناقلات من طراز “آي أم أو”II/III، تلاها طلب ناقلتين إضافيتين في فبراير 2023. يعزز هذا التوسع الكبير في أسطول الصير مارين موقعها باعتبارها شريكًا رئيسًا ومستثمرًا رائدًا في القطاع البحري بدولة الإمارات؛ حيث خصصت الشركة استثمارات كبرى تزيد قيمتها على 1.45 مليار درهم إماراتي في كل من موانئ أبوظبي وأدنوك للخدمات اللوجستية، وتلعب هذه الجهود دورًا مهمًا في ترسيخ مكانة الصناعة البحرية ورؤية الإمارات لتكون ركيزة رئيسة في “مشاريع الخمسين”

حول هذا الإنجاز، قال جاي نيفينز، الرئيس التنفيذي لشركة الصير مارين: “انطلقت استثمارات الصير مارين في ناقلات المنتجات الكيميائية والنفطية من رؤيتنا الاستراتيجية لتنويع أسطولنا والاستفادة من انتعاش التجارة العالمية والطلب المتزايد على المنتجات البترولية المكررة والمواد الكيميائية؛ إذ تميز هذا السوق خلال السنوات الأخيرة بارتفاع نشاطه، وفرض عدد من التشريعات البيئية الجديدة الصارمة، إضافة إلى ظهور العديد من التحديات التي تواجه سلاسل الإمداد. كل ذلك دفعنا لانتهاز الفرص وتكريس مكانتنا في هذا القطاع المتنامي، مستفيدين من خبراتنا في تلبية احتياجات عملائنا، وتحقيق النمو وزيادة الربحية على المدى البعيد”

من جانبه، قال نيتين ماثور، رئيس الشحن التجاري في الصير مارين: “تتماشى هذه الاستثمارات مع التوجه العام للشركة في تنويع محفظتها في قطاع الشحن التجاري، ما يضمن لنا المرونة والقدرة على التكيف بديناميكية عالية تلبي احتياجات الأسواق المتغيرة بشكل متسارع، وقد تم تزويد الناقلات الست بأنظمة تنظيف غاز العادم، بالإضافة إلى تصميمها لتعمل بأنواع متعددة من الوقود البديل؛ مثل الغاز الطبيعي المسال، والأمونيا، والميثانول، ما يجعلها مثالية للاستخدام المستقبلي ولعقود قادمة، مع ضمان الامتثال لأكثر التشريعات البيئية صرامة”

وأضاف ماثور: “يبلغ الوزن الساكن للناقلتين الجديدتين نحو 50 ألف طن، ويمكنهما تحميل النفط والمواد الكيميائية، ونقل ست شحنات منفصلة تمامًا من البضائع، ما يعزز إمكانات أسطولنا الحديث. وقد تم تأجير الناقلتين لشركة “ريلاينس للصناعات” (الشرق الأوسط) في مركز دبي للسلع المتعددة، وسيتم تشغيلهما لنقل الشحنات حول العالم”

يبلغ إجمالي قيمة أصول الصير مارين نحو 7.5 مليار درهم، وفق بياناتها المالية في النصف الأول من هذا العام، كما سجلت نموًا إجماليًا في الإيرادات التي وصلت إلى 580 مليون درهم. من المتوقع أن يعزز استثمار الشركة في أسطولها الحديث والمستدام هذه الأرقام بشكل أكبر، ليدعم جهودها في رفع الكفاءة التشغيلية وتحقيق نمو مستدام، وبالتالي تحقيق عوائد أعلى للمستثمرين والمساهمين. وستعزز هذه الخطوة الاستراتيجية مكانة دولة الإمارات باعتبارها أحد الرواد في خدمات سلاسل إمداد الوقود البديل

تأتي هذه الخطوة من شركة الصير مارين لترفع قدراتها الحالية وخدماتها للشحن البحري، لتزيد من خدماتها النوعية في قطاع القوارب ذاتية القيادة، وتقنياتها المبتكرة في مجال الطباعة ثلاثية الأبعاد، وبذلك تقود الشركة عملية التحول نحو التقنيات المتطورة في الصناعة، مع التزامها الراسخ بالاستدامة، ما يدعم استمرار التطوير لتحقيق قيمة مضافة ونمو مستدام على المدى البعيد

:للتواصل الإعلامي

ليليانا أسكوبار
الصير مارين للمعدات والتوريدات البحرية
مدير التسويق والاتصالات
هاتف محمول: +971 54 299 4804

Liliana@alseermarine.com

عبد الغني أبوغزالة
تاكتكس للإدارة التسويقية
مدير العلاقات الإعلامية والإدارة
هاتف محمول: +971 50 559 2290
gani@tactics.ae

ريم اللمداني
الصير مارين للمعدات والتوريدات البحرية
مسؤول علاقات المستثمرين
هاتف محمول: +971 50 983 4603
reem@alseermarine.com

M.T. Betelgeuse and M.T. Bellatrix – Main Feed

Exclusive

Creative team

-

September 26, 2024

0

T. Betelgeuse and M.T. Bellatrix are IMO II/III oil and chemical tankers, designed to carry six fully segregated grades of cargo, with a deadweight of 49,757 MT each.
The six state-of-the-art MR tankers are built ready for alternative fuels such as Liquified Natural Gas (LNG), ammonia, and methanol.

Abu Dhabi, September 26, 2024: Al Seer Marine (ADX: ASM), a frontrunner in various maritime industries and a subsidiary of International Holding Company (ADX: IHC), has recently taken delivery of M.T. Betelgeuse and M.T. Bellatrix, the first two in a series of six New Building MR tankers from K Shipbuilding Korea. These new additions are intended to meet the rapidly growing demand for the transportation of clean petroleum products (CPP) and chemicals.

These ships were contracted from K Shipbuilding in November 2022, when Al Seer Marine ordered four IMO II/III tankers, followed by an additional two in February 2023. This significant increase to Al Seer Marine’s fleet strengthens its position as a key partner and investor in leading maritime companies in the UAE, including notable investments of over AED 1.45 billion in Abu Dhabi Ports and ADNOC Logistics and Services. These efforts are instrumental in establishing the marine industry as a cornerstone of the UAE’s vision and a key pillar of its “Projects of the 50” strategy.

“Al Seer Marine’s investment in product and chemical tankers was driven by our strategic vision to diversify our fleet and capitalize on the growing demand and global trade in refined petroleum products and chemicals. In the recent years, this market has been characterized by increasing industrial activity, stringent environmental regulations, and complex supply chains. With these new additions, we aimed to keep our position as a key player in this growing segment, leveraging our expertise to meet the evolving needs of our clients while ensuring long-term growth and profitability.” stated Guy Neivens, CEO at Al Seer Marine.

“This investment aligns with the company’s broader strategy to enhance its commercial shipping portfolio, ensuring resilience and adaptability in a dynamic market environment. Each of these six state-of-the-art MR tankers is equipped with an Exhaust Gas Cleaning System (EGCS). Moreover, they are built ready for alternative fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol, making them perfectly suited for future usage in a rapidly evolving industry, ensuring compliance with the strictest environmental regulations for decades to come,” stated Nitin Mathur, Head of Commercial Shipping at Al Seer Marine.

“M.T. Betelgeuse and M.T. Bellatrix, 49,757 MT deadweight, IMO II/III oil and chemical tankers, are designed to carry six fully segregated grades of cargo, epitomising the advanced capabilities and forward-thinking design of our fleet. They are chartered to Reliance Industries (Middle East) DMCC and will trade globally” he added.

As of the first half of 2024, the total value of Al Seer Marine’s assets reached AED 7.5 billion, with total revenue growth climbing to AED 580 million. Investing in a modern, durable fleet is expected to boost these figures further, supporting the company in achieving sustainable growth and operational efficiency, and generating increased value for investors and shareholders. This strategic move will further support positioning the UAE as a frontrunner in alternative fuel supply chains.

Al Seer Marine’s strategic expansion, including the addition to the fleet and pioneering Unmanned Surface Vehicle (USV) services, reinforces its leadership in the maritime sector. By leveraging innovative technologies such as 3D printing, the company is driving industry transformation and demonstrating a strong commitment to sustainability. These advancements support Al Seer Marine for continued growth and long-term value creation.

–ENDS-

About Al Seer Marine (ASM)

Al Seer Marine (ADX: ASM) is a global maritime organisation headquartered in Abu Dhabi. Our extensive service portfolio encompasses commercial shipping, yachting, boat building, large-scale 3D printing, unmanned vessel platforms and capabilities, and cutting-edge technological innovations. We seamlessly integrate top-tier services, innovative technological solutions, and a proven track record of operational excellence.

www.alseermarine.com

About International Holding Company (IHC)

IHC was founded in 1998 as part of an initiative to diversify and develop non-oil business sectors in the UAE and has grown to become the most valuable listed holding company in the Middle East with a market cap of AED 895 billion as of June 30, 2024. IHC endeavors to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region’s largest conglomerates. IHC is included in FTSE ADX 15 Index (FADX 15), representing the top 15 largest and most liquid companies on the ADX.

IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations. Comprising more than 1,000 subsidiaries, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Asset management, Healthcare, Real Estate and Construction, Marine and Dredging, IT and Communications, Financial Services, Food Production and Service, Utilities, and Services.

With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities through direct ownership and entering partnerships in the UAE and abroad. As the world changes and new opportunities arise, IHC remains focused on resilience, innovation, and redefining the marketplace for itself, its clients, and its partners.

www.ihcuae.com

Media Contacts:

Liliana Escobar
Al Seer Marine
Marketing & Communication Manager
M: +971 54 299 4804
Liliana@alseermarine.com

Abdelghani Abughazaleh
Tactics Marketing Management
Director
M: +971 50 559 2290
gani@tactics.ae

Gross written premiums increased by 31.2% Y-o-Y in H1 2024 to AED 35.7 billion: CBUAE

WAM

Tariq Al Fahaam

-

September 25, 2024

0

ABU DHABI, 25th September, 2024 (WAM) — The UAE insurance sector continued to grow in Q2 2024 in terms of gross written premiums, according to the Quarterly Economic Review issued by the Central Bank of the UAE (CBUAE) on Wednesday.

During the first six months of 2024, the gross written premiums increased by 31.2 percent Y-o-Y in H1 2024 to AED 35.7 billion, mostly due to an increase in property and liability insurance premiums by (39.4 percent) Y-o-Y, health insurance premiums by (30.7 percent) Y-o-Y, and the insurance of persons and fund accumulation premiums by (9.1 percent) Y-o-Y, and this growth resulting primarily from increase in group and individual life insurance premiums.

The gross paid claims of all types of insurance plans increased by 34.0 percent Y-o-Y to AED 18.9 billion in H1 2024. This was mainly driven by the rise in claims paid in property and liability insurance by 46.2 percent Y-o-Y, and 150 percent insurance of persons and fund accumulation.

In H1 2024, the total technical provisions of all types of insurance increased by 22.8 percent Y-o-Y to AED 94.2 billion. The volume of invested assets in the insurance sector amounted to AED78.7 billion (50.8 percent of total assets) compared to AED72.9 billion (57.1 percent of total assets) during the same period in…

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Al Seer Marine Secures USD 80 Million Financing from BOCOM Leasing for MR Tankers Betelgeuse and Bellatrix – Main Feed

الصير مارين تبرم اتفاقًا مع “بوكوم ليسينغ” بقيمة 80 مليون دولار لتمويل ناقلتي بيتيلجوس وبيلاتريكس

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Al Seer Marine Expands Fleet with Delivery of two new MR Tankers M.T. Betelgeuse and M.T. Bellatrix – Main Feed

Al Seer Marine Expands Fleet with Delivery of two new MR Tankers: M.T. Betelgeuse and M.T. Bellatrix

الصير مارين توسع أسطولها مع تسلم ناقلتي “بيتيلجوس” و”بيلاتريكس” من طراز متوسط الحمولة

M.T. Betelgeuse and M.T. Bellatrix – Main Feed

Gross written premiums increased by 31.2% Y-o-Y in H1 2024 to AED 35.7 billion: CBUAE