Alessi Group

By the Blessing and Mercy of Allah and Ambition with strong will power and Modern Economical Studies, We stepped and started our shipping Business Activities with one of our first Owned vessel called MV. Ahmad Saleh Al-Essi, Owner and Chairman of the Alessi Group, is a prime study in entrepreneurship. Mr. Al-Essi started his business with one cargo vessel and has since developed a booming trade.

The Alessi Group operated as shipping and marine transport services in the Hodeidah Province until 1995 when Mr. Al-Essi decided to branch out into new areas under the name of the Al Essi Corporation Trade & Investment. Under the new name, Mr. Al-Essi expanded his operations into new industries. According to the company, the Alessi Corporation became one of the pillars of the Yemeni economy.

As the company moved into new areas, it began to purchase entire companies. Of the 19 companies operating under the present day Alessi Group, whose industries range from shipping to construction to plastics, perhaps the most well known is Overseas Shipping. In it Mr. Al-Essi found his niche market. Overseas Shipping is the only company in the country that transports Yemeni crude oil to refineries and delivers petroleum products to various national ports.

Growth in the oil sector is good news to the Alessi Group because it will entail an increase in transport revenue, especially thanks to the Yemen Oil Refinery Company’s announcement that it was building a major new refinery in the Ras Essa area.

Mr. Al-Essi sees a major market in emerging African economies and has already set up shop. He stated: “Our branch in Addis Ababa, Ethiopia is able to perform a regional role. It must be known that the opportunities in Africa and the Middle East are extensive.