Muscat – This strategic move supports the company’s expansion in the energy sector and strengthens its presence in regional and international markets.

Emad bin Saeed Al Khaduri, Chief Commercial Officer of Asyad Shipping, emphasised that this investment is part of an integrated plan to expand the shipping fleet and strengthen partnerships with major international oil transport companies. He noted that the two new vessels comply with carbon neutrality standards, supporting Asyad’s commitment to sustainability as part of its expansion plans.
As of April 2025, Asyad’s fleet includes 85 vessels, with plans underway to further expand into new markets such as ethylene and ammonia transportation, in addition to existing operations in crude oil and liquefied natural gas (LNG).

Al Khaduri added that the company adopts flexible operating models that include short- and long-term contracts, in addition to spot contracts to meet market demands.
He further revealed that Asyad Shipping plans to invest between $2.3 and $2.7 billion in its ongoing expansion. Over $1 billion has already been invested, including in new vessels set to enter service in 2026 and 2027. These additions will include two LNG carriers, four crude oil tankers, and two oil derivative carriers.

The company, through its international office in Singapore, successfully managed and operated 38 tankers in 2024, showcasing its operational strength and rising global competitiveness.
Al Khaduri also highlighted Asyad’s commitment to human capital development, noting that 90 percent of its ship management and marine crew personnel are Omanis. This high Omanisation rate reflects the company’s focus on national workforce empowerment and value creation within the Sultanate.
In terms of financial performance, Asyad Shipping maintained steady revenue levels in 2024 compared to 2023. However, improved contract strategies led to a 30.4 percent increase in net profits, demonstrating effective market responsiveness.

Al Khaduri also confirmed that the company’s initial public offering reflects its high efficiency in managing investments and resources, supported by its growing presence in international markets.