{"id":87896,"date":"2025-07-30T00:00:00","date_gmt":"2025-07-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/30\/al-seer-marine-records-82-drop-to-its-bottom-line-while-revenues-shoot-up\/"},"modified":"2025-07-30T00:00:00","modified_gmt":"2025-07-30T00:00:00","slug":"al-seer-marine-records-82-drop-to-its-bottom-line-while-revenues-shoot-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/07\/30\/al-seer-marine-records-82-drop-to-its-bottom-line-while-revenues-shoot-up\/","title":{"rendered":"Al Seer Marine records 82% drop to its bottom line, while revenues shoot up"},"content":{"rendered":"

The <\/strong>UAE\u2019s <\/strong>Al Seer Marine reported an 82% y-o-y net loss of AED 296 mn in <\/strong>1H 2025<\/strong>, according to an earnings release (pdf)<\/a> . <\/strong>On the other hand, the firm\u2019s top line hiked up 20.2% y-o-y to AED 698 mn, driven by operational expansions and growth.<\/p>\n

Behind the numbers:<\/strong> The firm attributed the revenue boost to its diversification strategy across several sectors, including its operation of six new MR tankers<\/a> and the development of a new JV<\/a> \u2014 ASBI Shipping \u2014 with B International Shipping and Logistics, an affiliate of Geneva-based energy trader BGN Energy.<\/p>\n

The firm might have been sustaining losses\u2026: <\/strong>Al Seer Marine recorded losses of nearly AED 1.5 bn in 2024<\/a>, an almost 43% wider loss<\/a> than the previous year by our calculation. The UAE-based maritime player's top line, however, increased 4% y-o-y to AED 1.28 bn during the same period.<\/p>\n

\u2026but it's making room for expansions:<\/strong> Al Seer Marine secured an AED 760 mn (USD 207 mn) facility from Abu Dhabi Commercial Bank to support its portfolio expansion earlier this month<\/a>. Earlier this year, ADCB provided an AED 210 mn (USD 57 mn) loan to ASBI Shipping to help fund the acquisition of small and midsize LPG tankers. <\/p>\n","protected":false},"excerpt":{"rendered":"

The firm\u2019s top line hiked up 20.2% y-o-y to AED 698 mn, driven by operational expansions and growth<\/p>\n","protected":false},"author":1,"featured_media":87897,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[175],"tags":[291,174,123,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-al-seer-marine","tag-earnings-watch","tag-shipping-maritime","tag-uae","wpautop","entry"],"acf":{"mongo_id":"30c65027-f731-49ee-92de-4265c792f44b","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/227.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Seer Marine records 82% drop to its bottom line, while revenues shoot up","related_issue":[87885],"teaser":"The firm\u2019s top line hiked up 20.2% y-o-y to AED 698 mn, driven by operational expansions and growth","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.96fd9fd6-868b-4d8f-b72b-fb3eb34ceaaf.mp3"},"yoast_head":"\nAl Seer Marine records 82% drop to its bottom line, while revenues shoot up - 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\/2025\/07\/30\/al-seer-marine-records-82-drop-to-its-bottom-line-while-revenues-shoot-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Seer Marine records 82% drop to its bottom line, while revenues shoot up\" \/>\n<meta property=\"og:description\" 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