Abu Dhabi’s expanding Al Seer Marine has struck its first vessel financing deal outside the United Arab Emirates.
The company has arranged $80m of funding from China’s Bank of Communications Financial Leasing (BOCOM Financial Leasing) for two new alternative fuel-ready MR tankers delivered this year in South Korea.
The 49,700-dwt MR tankers Betelgeuse and Bellatrix are assessed by VesselsValue as worth $55m each.
