Al Seer Marine — the maritime subsidiary of UAE-based International Holding Company — has added two AED 257.2 mn (c. USD 70 mn) medium range (MR) tankers to its fleet, according to an ADX statement (pdf). The additions — named Tabit and Rigel — are the last two in a series of six newly built MR tankers that Al Seer commissioned from K Shipbuilding Korea, and bring the company’s fleet size to 16 operational tankers, with three others under construction.

Chartered out: The Tabit vessel will be chartered to South Korean shipping company HMM Co. Ltd. in a five-year, AED 170 mn contract, whereas Rigel will be delivered to the New York-headquartered Global Horizon Shipping Limited in a five-year time charter for AED 157 mn. All six MR tankers are now leased through time charters at a total value of AED 957 mn (USD 260.4 mn), according to the statement.

About the tankers: The vessels have a dwt of 49.8 and 49.7 tons and can hold up to six fully segregated grades of cargo. They also feature exhaust gas cleaning systems and can handle alternative fuels, including LNG, ammonia, and methanol.

REMEMBER- The firm added two MR tankers, MT Saiph and her sister vessel from K Shipbuilding Korea, back in December, after seeing the delivery of two prior MR tankers in October.

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