Al Seer Marine has announced a new four IMO II/III product tankers order valued at AED 643 million as part of Al Seer global expansion push this year. K Shipbuilding will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which are expected to be delivered before the end of the fourth quarter of 2024. This means that Al Seer Marine fleet now total 12 vessels as the company prepares to transport the transition fuels like methanol, which will help industry reach net zero.

In anticipation for the impending regulatory changes these tankers will be LNG ready and are being designed to be potentially ready to adapt to new fuels such as ammonia and methanol. The agreement was signed at the company's office in Abu Dhabi by YK Jang, CEO of K Shipbuilding and Gunther Alvarado, Chief Operating Officer of Al Seer Marine in the in the presence of both organizations senior executives.