UAE-based Al Seer Marine has taken delivery of Saiph and her sister ship from K Shipbuilding Korea. These newbuilds are the second pair in a series of six newbuilding MR tankers.
Each vessel is equipped with an exhaust gas cleaning system (EGCS) and are engineered to accommodate alternative fuels such as LNG, ammonia, and methanol to ensure future adaptability and compliance with projected environmental regulations.
The delivery was financed by BOCOM Financial Leasing Co., a subsidiary of Bank of Communications, securing US$80 million total, bringing BOCOM's total commitment to $160 million.
With a deadweight of 49,757 tonnes each, the two modern vessels are IMO II/III oil and chemical tankers engineered to carry six fully segregated grades of cargo for optimal global operations.
Both tankers have secured five-year time charters with Reliance Industries (Middle East) DMCC, valued at $42 million per vessel, joining their sister ships Betelgeuse and Bellatrix in the charter arrangement.