BGN, in partnership with Al Seer Marine, has announced the successful delivery of Merak, its third Very Large Gas Carrier (VLGC) equipped with ammonia-carrying capability.
Following delivery through their joint venture, ABGC DMCC, Merak has begun her first voyage to the US Gulf to load her initial shipment of propane and butane. The vessel has a capacity of 86,423 CBM and underscores the strong collaboration between the two partners in advancing maritime solutions and expanding dual-fuel fleet capacity.
ABGC DMCC anticipates the arrival of two new carriers currently under construction from its order placed in 2023: a VLGC from South Korea’s Hyundai Samho Heavy Industries, expected in November 2025, and an LPG/NH3 carrier from Japan’s Kawasaki Heavy Industries, scheduled for delivery in October 2025.
BGN continues to invest in a state-of-the-art, dual-fuel, energy-efficient fleet capable of operating on both traditional fuels and lower-emission alternatives to ensure our transport operations are in line with the IMO 2023 decarbonisation goals.
At BGN, we ensure reliable and efficient distribution of our products through our strong global supply chain. With one of the largest VLGC fleets in the sector, our dedicated maritime team has extensive shipping knowledge and reliably and cost-effectively moves 50 million metric tons of commodities each year.
Rüya Bayegan, BGN group CEO, commented:
“We are pleased to be taking delivery of Merak, the third VLGC in our strategic partnership with Al Seer Marine. This state-of-the-art vessel adds to our growing fleet of dual-fuel gas carriers capable of operating on both traditional fuels and lower emission alternatives and underlines our commitment to contributing to industry-wide decarbonization efforts.”
“With its advanced capabilities, the Merak also supports BGN’s strategic ambitions as we build on our success in the LPG market and scale our operations to expand into LNG and ammonia trading, which has always been a key objective in our growth plans.”
Guy Neivens, Chief Executive Officer of Al Seer Marine, said:
“From the outset, we recognised the significant role of alternative fuel shipping in the transition of the global energy supply. Driven by this insight, we have shaped our strategy around fleet and cargo diversification to meet evolving market demands.”
“This well-founded approach is reflected in the strong financial results for the first half of 2025, with a 20.2% increase in operational revenues and an 81.7% rise in gross profit. With the recent delivery of Merak, we reinforce our position at the forefront of holistic maritime solutions.”
