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Ship Recycling Fundamentals Remain Shaky

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Ship Recycling Fundamentals Remain Shaky

Global ship recycling fundamentals remain shaky, reports cash buyer GMS, as Indian and Pakistani steel plate prices reported unexpected moves bought on by the 30% tariffs levied on a variety of goods being imported from China.

In addition, the U.S. Dollar continues to “belly dance” around the various recycling nation currencies reporting the (comparatively) worst week for the Bangladeshi Taka as the interim government continues struggling to control the currency since May.

“The free flow of turmoil since the start of the year has therefore seen vessel offers fall firmly by over $90/ton since the highs of +USD 600/LDT, down to firmly below USD 500/LDT even on favored container units in India,” says GMS. This is in light of MSC’s strictly India only HKC pre-approved yard list policy, which certainly (yet briefly) perked not only the mood in Alang, but even the incoming volume of tonnage at Alang’s waterfront amidst a bevy of prompt MSC sales that were truly the recycling highlight of the week.

“Limited and even laughable offers continue emanating from the various sub-continent shores as recyclers remain nervous about current ongoings and even about the immediate future, as the industry would logically prefer to see a few weeks of…

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LR1/Panamax Market Expected to Benefit from Ageing Fleet

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LR1/Panamax Market Expected to Benefit from Ageing Fleet

An ageing fleet is expected to favor future prospects of the LR1/Panamax market. In its latest weekly report, shipbroker Gibson said that “the LR1/Panamax market has often been referred to as a dying sector, with investment in new tonnage close to zero for many years. Overall, just 9 vessels in the class were ordered from 2016 to 2022. Demand has also faced headwinds, with clean LR1 tonne miles down marginally and dirty Panamax trade seeing significant declines. Despite the challenging demand fundamentals, an ageing fleet has encouraged investment in the sector, with further newbuilding contracts likely. However, with threats from the Aframax, LR2 and MR sector, it is uncertain what level of investment is required to meet future demand”.

According to Gibson, “over the last 5 years, tonne miles for clean LR1s have declined by 2.5%, whilst dirty Panamaxes have seen a 42% contraction. By contrast, clean LR2s have benefitted from a near 29% increase and Aframaxes have witnessed an 18% jump in tonne miles. Evidently the LR1/Panamax sector is being left behind by demand growth for other sectors with numerous factors driving this trend”.

Source: Gibson Shipbrokers

Meanwhile, “the expansion of refining capacity East of Suez and corresponding contraction in the West has…

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Original Casino Slot Real Money Wins

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Shadow Fleet, Shady DPRK Activity, & Spotlighting the Typhoon

Shadow Fleet, Shady DPRK Activity, & Spotlighting the Typhoon

How many port calls were executed from January 2022-September 14, 2024 by the 10 vessels sanctioned as part of Russia’s shadow fleet? And where did these calls occur? 

Why was there a 300% increase in the number of North Korean-flagged vessels that called port in Chongjin, after making a port call in Nampo? 

And how is Typhoon Bebinca affecting the supply chain? This week’s Global Trade Roundup has the answers you need to shine a spotlight on the shadows…

Russian Shadow Fleet Vessels Get Sanctioned 

  • Sanctions against 10 tankers operating as part of Russia’s shadow fleet were announced by the UK on September 11, 2024. Some of these vessels have traded Russian oil – overall, Russian oil has generated more than $5 billion dollars since January 2022. The UK sanctioned a total of 25 shadow fleet vessels as part of the UK’s “call for action” against Russia.
  • The 10 vessels:
    • Nikolay Zuyev (IMO: 9610781) 
    • NS Clipper (IMO: 9341081) 
    • NS Corona (IMO: 9341079) 
    • Zaliv Aniva (IMO: 9418494) 
    • Olympiysky Prospect (IMO: 9511387) 
    • Leonid Loza (IMO: 9412347) 
    • NS Asia (IMO: 9413561) 
    • SCF Baltica (IMO: 9305568) 
    • Vladimir Tikhonov (IMO: 9311622) 
    • SCF Vankor (IMO: 9316127)  
  • Windward’s Maritime AI™ platform shows that seven of the above vessels are crude oil…

Read more…

The 5 best accounting software & tools for startups in 2026

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online accounting for startups

InDinero is perfect for startups that want to manage all aspects of their finances in one place. They offer personalized CFO services that provide strategic financial guidance, ensuring that startups are making informed decisions as they grow. Many startups can’t afford to hire full-time accountants, but online CPA firms offer a more affordable way to get the same expertise without the overhead costs.

  • Choosing the right accounting software is a critical decision for startups, with long-term implications for financial management, operational efficiency, and scalability.
  • Whereas an accountant reviews your books to help you file taxes and prepare for audits and funding rounds, a bookkeeper does the day-to-day tasks of keeping your books up to date.
  • It offers seamless bank reconciliation and strong customer support with many praising its efficiency and ability to handle multi-currency operations.
  • These are the best online bookkeeping services for startups in 2025.
  • To ensure your bookkeeping services meet your startup’s budget needs, do your research on the platforms that utilize hidden fees and extra costs before you sign up.
  • The company’s flexible pricing plans grow with your business needs.
  • AccountEdge ensures accuracy with cash management and provides detailed financial statements, providing insights into your company’s financial health.

Bookkeeping for startups

They’re one of the best accounting software tools available for entrepreneurs in most fields. For small businesses, though, Sage offers two cloud-based programs, namely, the basic Sage Accounting software and the more robust cloud-based desktop hybrid accounting Sage 50cloud software. Sage is a world-leading business applications and enterprise resource planning (ERP) software development company.

online accounting for startups

Accounting software that worksas hard as you do

The tools you select today will not only simplify your financial management but also set you up for long-term success. Start by identifying the most time-consuming manual tasks https://www.theclintoncourier.net/2025/12/19/main-advantages-of-accounting-services-for-startups/ in your workflow, such as invoicing, expense categorization, and bank reconciliation. Then, configure automation rules to handle these processes, ensuring they align with your financial structure. For example, set up recurring invoices for subscription-based revenue, create rules for categorizing expenses, and enable automatic tax calculations. Wave is a free accounting software solution that offers bookkeeping features and optional payroll and payment processing add-ons. Accounting and bookkeeping can be incredibly challenging for young businesses, which is why many startups turn to online accounting services.

  • A bookkeeper should record sales revenue (income), bills and operating costs (expenses), equipment and property (assets), and loans and debts (liabilities).
  • Although it doesn’t provide a mobile app, Patriot’s 100% cloud-based accounting platform enhances accessibility.
  • As you probably already know, starting a new business is a lot of work!
  • Let’s discuss your specific growth challenges and financial strategy.
  • As your startup grows and makes more revenue, your recordkeeping system will become more complex and crucial to maintain.
  • For more information on the best accounting software for startups and startup accounting and bookkeeping services, contact Graphite today.

O’Dell & Company

online accounting for startups

Its real-time reporting and analytics empower users accounting services for startups with actionable insights, fostering informed decision-making. Sage 50 Accounting is an excellent choice for agile and data-driven entrepreneurs. Xero is one of the best online accounting software for startups that helps streamline essential financial data with finesse.

How Automation Is Transforming Sales Tax and Bookkeeping

online accounting for startups

The best accounting software for startups varies depending on the company’s specific needs. FreeAgent automatically imports and categorizes bank transactions, keeping your books up to date. It also allows you to send invoices, track expenses, and generate detailed financial reports, all from one intuitive platform.

online accounting for startups

Is QuickBooks good for startups?

As hard as it can be to spend precious dollars, it’s crucial to balance current affordability with future needs when selecting accounting software for your startup. Now, there is nothing wrong with non-US accountants (except of course when using them violates the law, but ignoring that). But startup founders find it misleading that the supposedly automated solution requires a lot of back and forth with a non-native English speaker halfway around the world. There is nothing automated about waiting for someone 12 timezones away to manually recategorize a transaction. Startups need more than a robot to reconcile the accounts, they need a trusted advisor who is in tune with their unique growth path.

  • By the end of this post, you’ll better understand startup bookkeeping and accounting, so when you assemble your team, you’ll know all the right questions to ask.
  • When I called FreshBooks, I was connected to a real person in less than a minute.
  • The online version gives you access from anywhere, plus you get access to the faster loading Android and iOS mobile apps.
  • Includes invoicing, expense tracking, and financial reports with limited customization.
  • This means, transactions get recorded the moment they happen, whether or not payments have been made.
  • This method is suitable for very small startups with pay-as-you-go models.

Ido Development Firm Preliminary Dex Offering Launchpad Improvement Companies

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They can profit from their funding more shortly than with ICOs as a end result of the listing usually takes place proper after the IDO is finished. Buyers which have been whitelisted can then lock their desired investment into a wise contract on the DEX. They will receive the project’s tokens in change once they are made out there. Crypto initiatives that raised money by promoting their tokens through the ICO frenzy of 2017 equipped a wallet address to which involved buyers may send Ether. Since cryptocurrency initiatives could get hold of funds without the utilization of middlemen and buyers might revenue from fast token buying and selling, the IDO mannequin has gained reputation. Maintaining an energetic and engaged group is important for your project’s ongoing success.

This is thought to make it harder for brand spanking new traders to take part in preliminary token sales efficiently. Tasks have the flexibleness to customise issues like token supply allocations and group outreach when listing on a DEX. This is as a result of ico vs ido they haven’t any centralized authority and function in a peer-to-peer method. Decentralization can also be enabled by IDOs within the sense that customers and potential project traders are always in control of their assets via self-custodial wallets.

Step 2: Create Advertising Collateral

ido meaning crypto

Every of those steps, when thoughtfully executed, can pave the way for a profitable IDO journey for both project builders and traders. Indeed, IDO is one of the finest crypto fundraising strategies we’ve ever seen. DEX processes deals and adds them to the blockchain through good contracts, enabling safe transactions. Moreover, since DEX does not retain your cash, hackers are much less likely to assault them. To be added to the list, investors must register their pockets tackle, sign up for a Discord neighborhood discussion board, or carry out advertising duties. The pool is created on a DEX after the IDO is finished by way of its own or a third-party launchpad; subsequently, project creators are not required to collect pool property.

The Solana ecosystem is the inspiration for the startup incubator generally known as Solster Finances decentralized launchpad. The platform has now completed over 20 successful launches and processed over $1.7 million in fundraising. The tokens are listed on exchanges shortly, which is nice news for traders.

Token Metrics crypto indices are constructed using AI and machine studying models that allow real-time rebalancing, lively administration, and sector-specific strategies. Conventional index funds usually rebalance quarterly or month-to-month and do not provide exposure to digital assets or make the most of AI-driven selection and allocation. A cryptocurrency index is a curated portfolio of multiple digital assets grouped by strategy, market capitalization, theme, or other particular standards. IDOs differ significantly from ICOs and IEOs in terms of their construction and execution. Many IDOs are inherently tied to DeFi protocols or providers, illustrating the symbiotic relationship between these financing mechanisms and decentralized apps. In Distinction To other fundraising methods that lock tokens, IDOs enable fast trading after purchase.

  • Guarantee all good contracts are thoroughly examined and deployed, and that the user interface is intuitive for members.
  • Our team of creative thinkers and tech wizards collaborates to craft apps that function flawlessly.
  • Promoting Preliminary DEX Choices (IDOs) on Blockchain-Ads is normally a sensible move.
  • One of essentially the most well-known cryptocurrency exchanges on the planet, Binance, also includes a platform for launching new tokens called Binance Launchpad.

Ai-powered Crypto Indices: Revolutionizing Digital Asset Investing With Token Metrics

Initial DEX Offering Launchpad Improvement Company offers end-to-end white paper creation to token development solutions. It describes the real-world impact of systematic, AI-powered crypto investing, as reported by Token Metrics customers. No content material must be interpreted as investment advice, suggestions, or financial guarantees. At All Times research thoroughly and seek the advice of qualified professionals earlier than making investment selections. Most buyers spend a few hours per thirty days reviewing efficiency and rebalancing, far lower than energetic buying and selling or researching particular person tokens day by day. Begin your journey with Token Metrics right now and discover how AI-powered crypto indices can transform your investment technique.

Bonus: List On Different Dexs And Cexs

ido meaning crypto

ICOs, or Preliminary Coin Choices, pioneered direct token sales to investors for Bitcoin or Ethereum. In contrast, centralized crypto exchanges facilitate IEOs (Initial Change Offerings), which offer investors with vetting and safety. As A Result Of they offer tokens backed by real-world assets like actual estate or equities, STOs (Security Token Offerings) are regulated by severe financial legal guidelines. As cryptocurrency use and awareness grow, firms and startups are growing recent concepts primarily based on blockchain expertise.

ido meaning crypto

Simultaneously, the staff lists the token on the DEX, making it obtainable for trading to the general public. This instant itemizing allows traders to purchase and sell the token with none ready period. To appeal to investors, the project staff should create compelling advertising collateral. This includes designing a visually interesting website showcasing the project’s distinctive selling factors and providing information about forex crm the project’s staff.

By running targeted campaigns for over two months, we achieved distinctive outcomes, including a 1.68% clickthrough rate on advertisements and over $40,000 in token purchases inside minutes of launch. Our complete campaign additionally resulted in 5,460 new app downloads and 20,000 new group members, which improved the project’s visibility and person https://www.xcritical.com/ base. For the Carbon Browser IDO, Blockchain-Ads played an important function in acquiring 15,000 new token holders with a $3 price per acquisition (CPA) by focusing on active Web3 natives and crypto traders.

As crypto companies goal for development, time effectivity and optimized ROI turn out to be paramount, which these companies excel in delivering. You can develop your IDO in multiple blockchains, corresponding to Polkadot, Solana, and Ethereum. Many prefer Ethereum as a outcome of it has various resources to help developers. Keep In Mind, you can issue your token on a unique community from the IDO you launched. For instance, launching the IDO on Ethereum and issuing the tokens on Polkadot. So, it’s essential to establish whether the blockchain you select supports interoperability.

الصير مارين تكشف عن علامتها التجارية الجديدة لتأكيد مكانتها وريادتها البحرية العالمية

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الصير مارين تكشف عن علامتها التجارية الجديدة لتأكيد مكانتها وريادتها البحرية العالمية

تُبرز العلامة التجارية الجديدة توجه الشركة الاستراتيجي نحو تطوير أسطول حديث وإطلاق خدمات ومنتجات مبتكرة لتعزيز كفاءتها التشغيلية وزيادة ربحيتها

تُعتبر الشركة بأصولها التي تزيد على 7.5 مليار درهم إماراتي مركزًا رائدًا للتميز البحري، وتحظى بدعم كبرى الشركات المالية والاستثمارية 

أبوظبي، 2 سبتمبر 2024: كشفت شركة الصير مارين للمعدات والتوريدات البحرية ، إحدى الشركات الرائدة في القطاع البحري، والتابعة للشركة العالمية القابضة  عن علامتها التجارية الجديدة والتي تجسد رؤيتها لتعزيز دورها القيادي في الصناعة البحرية

ومنذ تأسيسها عام 2003، رسخت الشركة سمعتها المرموقة باعتبارها لاعبًا رئيسًا في القطاع البحري، ونجحت محليًا ودوليًا في تأسيس عدد من الشركات التابعة وبناء شبكة واسعة من الشراكات الاستراتيجية. وقد حرصت على القيام بدور محوري في دعم الاقتصاد البحري بدولة الإمارات عبر عدد من الاستثمارات الكبرى؛ أبرزها بناء قدراتها المتقدمة الأكبر من نوعها في العالم للطباعة ثلاثية الأبعاد، إضافة إلى تطوير أسطولها الحديث المجهز بأفضل التقنيات، ما حفّز عددًا كبيرًا من المؤسسات المالية الإقليمية لتمويل مشاريع الشركة ودعم رؤيتها، من خلال إتمام صفقة مشتركة بقيمة 863 مليون درهم إماراتي لتوسيع أسطول الشركة في مارس 2023

وحرصًا منها على ترسيخ مكانة أبوظبي ودولة الإمارات باعتبارها مركزًا بحريًا رائدًا على مستوى العالم، استثمرت شركة الصير مارين أكثر من 1.45 مليار د إماراتي في كل من موانئ أبوظبي وأدنوك للخدمات اللوجستية. تهدف الشركة من خلال هذه الاستثمارات الكبرى إلى دعم الصناعة البحرية الوطنية لتكون إحدى أركان استراتيجية “مشاريع الخمسين”، والتي تسعى إلى بناء القدرات الاقتصادية البديلة عن النفط بدولة الإمارات

وقال جاي نيفينز، الرئيس التنفيذي لشركة الصير مارين للمعدات والتوريدات البحرية: “استلهامًا من رؤية القيادة في دولة الإمارات، ركزنا جهودنا على مدى عقدين من الزمان لتوسيع أعمالنا في القطاع البحري، محققين سجلًا حافلًا من الإنجازات، واليوم نعلن عن إطلاق علامتنا التجارية الجديدة، التي تعبر عن إيماننا العميق بالإمكانات اللامحدودة للقطاع البحري بالدولة، لنواصل المضي قدمًا لنكون الموجة الدافعة للتميز في القطاع البحري”

وأضاف نيفينز: “تمتلك الشركة وتدير حاليًا أسطولًا يبلغ 20 سفينة، تم الاستحواذ على معظمها بين عامي 2022 و2023، ويضم ناقلتين للغاز الطبيعي المسال، سيتم تسليمهما خلال الربع الأخير من العام 2024، وقد تم تجهيزهما لاستخدام أنواع جديدة من الوقود الخالي من الانبعاثات مثل الأمونيا والميثانول، ما يعزز التزامنا الراسخ بالاستدامة”

وتبلغ القيمة الإجمالية لأصول شركة الصير مارين بعد توسيع أسطولها بالسفن الحالية والناقلات التي سيتم تسليمها قبل نهاية هذا العام 7.5 مليار درهم إماراتي. وسيسهم استثمار الشركة في أسطولها الحديث والمتطور في تحقيق نمو مستدام لإيراداتها ورفع كفاءة عملياتها التشغيلية، وقد انعكس هذا الأداء في النمو القوي لإجمالي إيراداتها التي ارتفعت إلى 580 مليون درهم إماراتي في النصف الأول من عام 2024

وتواصل شركة الصير مارين ريادتها في الصناعة البحرية والاستفادة من خبرتها في مركز التميز البحري للقوارب ذاتية القيادة، والتي تزيد على 15 عامًا، لتعزيز السلامة وكفاءة العمليات ودعم الاستدامة عبر تطوير حلول مبتكرة لأنظمة القوارب البحرية ذاتية القيادة، ويكرس تميزها في هذا المجال خدمات الصيانة الشاملة التي تقدمها على مدار الساعة طوال أيام الأسبوع. إضافة إلى ذلك حققت شركة الصير مارين تفوقًا نوعيًا بإطلاق “ميغا 2″، أكبر طابعة ثلاثية الأبعاد في العالم، والتي تم استخدامها لصناعة أكبر قارب تم بناؤه بتقنية الطباعة ثلاثية الأبعاد، مصنوع من 67٪ من المواد المعاد تدويرها، لترتقي بمعايير الصناعة البحرية وتعكس التزامها القوي بحماية البيئة. كما حققت الشركة إنجازًا لافتًا خلال أسبوع دبي للتصميم؛ حيث عرضت خلاله أيقونة فنية فريدة أبرزت قدراتها للطباعة السريعة ثلاثية الأبعاد عبر بناء جناح “نورث ستار”، ما يُعد شهادة على قدرات الشركة المتطورة في الطباعة ثلاثية الأبعاد وتطويرها على نطاق واسع

-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

 

:للتواصل الاعلامي

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

Al Seer Marine Unveils New Dynamic Brand Identity to Underline Its Position as a Global Pioneer in Maritime Excellence – Main Feed

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الصير مارين تكشف عن علامتها التجارية الجديدة لتأكيد مكانتها وريادتها البحرية العالمية
  • The refreshed brand identity mirrors the strategic direction of the company in developing a future-proof fleet and innovative products to boost operational efficiency and profitability.
  • The company’s AED 7.5 billion in assets fortify its status as a premier maritime excellence centre, endorsed by top financial and investment firms.

 

Abu Dhabi, September 2nd, 2024: Al Seer Marine (ADX: ASM), a frontrunner in various maritime sectors and a subsidiary of International Holding Company (ADX: IHC), has revealed a new brand identity that captures its vision to solidify its position as an undisputed leader in the maritime industry.

Since its inception in 2003, Al Seer Marine has reinforced its reputation as a maritime powerhouse, establishing a robust network of subsidiaries and partners both in the UAE and internationally. The company’s pivotal role in supporting the UAE’s maritime economy is highlighted by recent internal investments, including the establishment of state-of-the-art 3D printing capabilities, the largest of their kind in the world. Demonstrating a commitment to innovation and sustainability, Al Seer Marine is focused on developing a modern fleet equipped with the latest technology. This vision has garnered significant support from regional financial institutions, culminating in an AED 863 million syndicated transaction in March 2023 to support the company’s fleet expansion.

Recognising the importance of solidifying Abu Dhabi’s and the UAE’s position as a leading global maritime hub, Al Seer Marine has also invested externally over AED 1.45 billion in both Abu Dhabi Ports and ADNOC Logistics and Services. Through these strategic investments, the company aims to establish the marine industry as a key pillar of the UAE’s “Projects of the 50” strategy, which seeks to transition the economy away from oil dependency.

Guy Neivens, CEO of Al Seer Marine, says: “Motivated by the UAE’s visionary leadership, we have consistently expanded in the maritime sector for over two decades. Anchored by this heritage, we are proud to introduce our new dynamic brand identity, declaring our deep faith in the immense potential of the UAE’s maritime sector. This belief propels us forward on a wave of progress in advancing maritime excellence.”

Neivens adds: “We currently own and commercially manage a fleet of 20 vessels, predominantly acquired between 2022 and 2023. Two LNG-ready MR tankers, set for delivery in the fourth quarter of 2024, are designed to utilise new zero-emission fuels such as ammonia and methanol, reinforcing our dedication to sustainability.”

With most of the fleet already delivered and the remainder expected before the end of 2024, the total value of Al Seer Marine’s assets reached AED 7.5 billion. Investing in a modern, durable fleet has enabled the company to achieve sustainable growth and operational efficiency, reflected in robust total revenue growth climbing to AED 580 million in the first half of 2024.

Al Seer Marine continues to lead the industry with significant advancements. As a pioneer in the Maritime Autonomous Centre of Excellence, the company leverages 15 years of expertise to enhance safety, efficiency, and sustainability in autonomous marine systems, backed by its comprehensive 24/7 maintenance services. In the realm of additive manufacturing, Al Seer Marine has set new benchmarks with “MEGA II,” the world’s largest 3D printer, and the largest 3D-printed boat made from 67% recycled materials, reflecting a strong commitment to sustainability. Additionally, the company’s innovation was highlighted at Dubai Design Week with the swift 3D printing of the “North Star” pavilion, a testament to its cutting-edge capabilities in large-scale 3D printing.

–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

Reem Al-Lamadani
Al Seer Marine
Investor Relations Officer
M: +971 50 983 4603
reem@alseermarine.com

 

'Foresight-1' places UAE among top 20 countries operating SAR satellites: Bayanat

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'Foresight-1' places UAE among top 20 countries operating SAR satellites: Bayanat

ABU DHABI, 26th August, 2024 (WAM) — Bayanat, a leading provider of AI-powered geospatial solutions and a subsidiary of G42, confirmed that the launch of the Synthetic Aperture Radar (SAR) satellite, titled “Foresight-1”, is a significant achievement that reinforces the UAE’s global leadership in the space sector, as it is the first satellite of the UAE’s Earth Observation Space Programme.

Hasan Al Hosani, Managing Director of Bayanat, told the Emirates News Agency (WAM) that Foresight-1 places the UAE among the prestigious list of 20 countries around the world that operate SAR space assets, which strengthens its position in the space sector and supports its growing capabilities in this field.

He pointed out that the strategic roadmap drawn up by Bayanat and Al Yah Satellite Communications Company (Yahsat), is based on deploying a constellation of satellites with SAR technology in the near future.

He explained that since the initial announcement of the launch of the Earth Observation Space Programme in 2023, the two companies have been implementing the strategic plan for the Earth Observation System, starting with the Foresight-1 satellite.

He added, “After the successful launch of the Foresight-1 satellite, we are now able to operate space assets prepared to cross over the…

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Snapshot of Crude and Product Freight Rates, Supply-Demand

Snapshot of Crude and Product Freight Rates, Supply-Demand

This week’s special focus is on the dirty oil flows from Arabian Gulf origin countries to all destinations, particularly in light of the ongoing Middle East tensions. Below, we examine the evolution of these flows between 2023 and 2024, comparing the monthly volumes. In the first quarter of this year, the flow of shipments from the Arabian Gulf followed a similar pattern to that of the previous year. However, noticeable variations began to emerge from April onward. June saw a significant drop, with volumes falling to nearly 65 million tonnes, a stark contrast to the previous year’s record peak of over 75 million tonnes in May.

In the second quarter of this year, there was a clear downward trend from the levels recorded in the first three months. After hitting a low in June, volumes rebounded in July, showing a notable adjustment. Overall, for the first seven months of this year, there has been a 3% decline in the total quantity of dirty crude oil shipments from the Arabian Gulf to all destinations. Despite the escalating Middle East tensions, there has not yet been significant downward pressure on overall tonnage, as July saw a recovery. It remains to
be seen whether the impact will be greater in August and September.

When analysing trends by vessel class, it is…

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