Abu Dhabi-listed shipowner and shipbuilder Al Seer Marine will continue to add to its fleet after banking a big profit in the second quarter.

The company said earnings were a “staggering” AED 883m ($240m) to 30 June, up 115% from the same period of 2021, with revenue also climbing “steeply” to AED 475m.

Assets stood at AED 11.58bn