Al Seer Marine PJSC, a subsidiary of International Holding Company (IHC), announced the acquisition of two reefer ships and one bulk carrier. The company's latest acquisition is part of its expansion strategy, which will see the company multiply into the commercial shipping segment. The company's aim is diversification in seaborne shipping markets, focusing efforts to reduce vulnerabilities to volatile conditions in today's shipping markets and capitalizing on growing markets. World seaborne trade has experienced a firm rebound of about 4% in 2021 following a reduction of 3.4% in 2020. Seaborne transport is projected to increase in the majority of trade segments. World seaborne trade is expected to continue increase at 10 years CAGR of about 2.4% for the next 5-10 years.