Abu Dhabi, 9 September 2026: Al Seer Marine (ADX: ASM) has completed the sale and delivery of the VLCC Twin Pollux, securing a profitable exit as the company moves to capitalise on strong tanker valuations and recycle capital into higher-return opportunities.
The Abu Dhabi-listed maritime company, a subsidiary of IHC, said the transaction forms part of its active fleet management strategy, which focuses on acquiring, holding and divesting assets according to market conditions and return potential.
Al Seer Marine opted to sell Twin Pollux amid favourable tanker asset prices, allowing it to crystallise gains on the vessel while creating additional capacity for future investments.
The move comes as tanker markets remain sensitive to shifts in global trade flows, freight demand and geopolitical developments, factors that continue to influence vessel values and investment decisions across the shipping industry.
Al Seer Marine said its strategy is designed to maintain flexibility across its commercial shipping portfolio, enabling the company to respond to market cycles and allocate capital selectively when more attractive opportunities emerge.
Guy Neivens, CEO of Al Seer Marine, said: “Active fleet management requires discipline around both investment and divestment. The profitable sale of Twin Pollux demonstrates our ability to identify the right point in the market to realise value and redeploy capital where we see stronger return potential.”
He added that the company will continue to manage its portfolio with the same approach, focusing on opportunities that strengthen Al Seer Marine’s market position while generating sustainable value for shareholders.
The transaction also supports the company’s broader strategy of building a high-performing maritime portfolio through operational expertise, active asset management and selective investment.
As part of IHC, Al Seer Marine also benefits from the group’s network of businesses and investment platforms across multiple sectors and international markets, providing access to potential partnerships, synergies and new growth opportunities.
Al Seer Marine said it will continue evaluating investments and divestments across commercial shipping and its wider maritime operations, while maintaining a disciplined approach to capital allocation as it pursues long-term growth.
