Ambitious Al Seer Marine will continue growing its fleet this year after it confirmed an MR2 purchase for something of a bargain — and offloaded another couple of ships.

The Abu Dhabi-listed owner and shipbuilder said it had spent AED 132m ($35.9m) on the 49,200-dwt Kokako (built 2017), renaming it the Meissa.

VesselsValue assesses the MR as worth $42m.