Abu Dhabi-listed shipowner and shipbuilder Al Seer Marine has acquired its third VLCC in a little over fourth months.

The Guy Neivens-led company said it has acquired the 300,000-dwt Elandra Everest (built 2020) for AED 396m ($107.8m). It has been renamed Acrux.

This latest acquisition takes Al Seer Marine’s expenditure on secondhand VLCCs in the last four months to AED 900m.