{"id":81746,"date":"2024-10-17T00:00:00","date_gmt":"2024-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/"},"modified":"2024-10-17T00:00:00","modified_gmt":"2024-10-17T00:00:00","slug":"al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/","title":{"rendered":"Al Seer Marine secures USD 80 mn financing from China\u2019s Bocom"},"content":{"rendered":"

<\/strong>IHC maritime subsidiary Al Seer Marine secured USD 80 mn in financing from China's <\/strong>Bocom Financial Leasing <\/strong>for its newly delivered medium range tankers, Betelgeuse and Bellatrix, according to a press release (pdf)<\/a>. It\u2019s the first time Al Seer has lined up funding from outside the UAE. The two tankers are designed for alternative fuels, including liquefied natural gas, ammonia, and methanol. <\/p>\n

More about the tankers: <\/strong>The two MR tankers have a capacity of 49.7 MT each, and are built to carry six fully segregated grades of cargo with a five-year period Transaction Certificate to Reliance International DMCC.<\/span><\/p>\n

Part of an expansion plan:<\/strong> The company acquired the Betelgeuse and Bellatrix tankers in September<\/a>, the first two of six, from K Shipbuilding Korea.<\/p>\n

What they said:<\/strong> \u201cSecuring 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,\u201d CEO of Al Seer Marine Guy Neivens said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is the first time Al Seer has lined up funding from outside the UAE.<\/p>\n","protected":false},"author":1,"featured_media":81747,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[166],"tags":[291,165,227,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-al-seer-marine","tag-debt-watch","tag-lng","tag-uae","wpautop","entry"],"acf":{"mongo_id":"e66036d5-0386-4419-8e27-64c026d19d8b","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1444.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Seer Marine secures USD 80 mn financing from China\u2019s Bocom","related_issue":[81738],"teaser":"This is the first time Al Seer has lined up funding from outside the UAE.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.eb91d824-3157-4985-bab4-5780aa4a2e69.mp3"},"yoast_head":"\nAl Seer Marine secures USD 80 mn financing from China\u2019s Bocom - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Seer Marine secures USD 80 mn financing from China\u2019s Bocom\" \/>\n<meta property=\"og:description\" content=\"This is the first time Al Seer has lined up funding from outside the UAE.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1444.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Seer Marine secures USD 80 mn financing from China\u2019s Bocom\",\"datePublished\":\"2024-10-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/\"},\"wordCount\":177,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1444.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Seer Marine\",\"DEBT WATCH\",\"LNG\",\"UAE\"],\"articleSection\":[\"Debt Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/17\/al-seer-marine-secures-usd-80-mn-financing-from-chinas-bocom\/\",\"name\":\"Al Seer Marine secures USD 80 mn financing from China\u2019s Bocom - 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