Asyad's total investment in the eight-ship series amounts to approximately OMR 158.9 million (USD 411.6 million). Meanwhile, the initial six 49,999 DWT vessels were ordered in July for around OMR 119 million (USD 308 million).

Asyad Shipping, which is based in Oman, has placed an additional order with HD Hyundai Heavy Industries for two MR product tanker newbuildings, according to Splash 247. A total of eight vessels are now represented by this charter-backed initiative, which was only started two months ago. The owner, which is listed in Muscat, is paying approximately OMR 39.89 m, which is equivalent to $103.6m, for the latest pair of 49,999 dwt tankers, which are scheduled for delivery in 2029. Each vessel is already covered by five-year time charters with an unnamed global energy company, and they will be sister ships to the six MRs Asyad booked at the South Korean yard in July. A mix of existing cash and debt will fund the newest newbuilds. With this follow-on order, 

Asyad's total investment in the eight-ship series 

Asyad's total investment in the eight-ship series amounts to approximately OMR 158.9 million ($411.6 million). In July, Splash reported that the initial six 49,999 dwt vessels had been ordered for around OMR 119 m ($308m), with deliveries due to begin in 2029. All six vessels had five-year charter coverage from a leading global energy company, according to Asyad. The supplementary pair serves to reinforce a substantial existing product tanker business.

Related: Oman’s Asyad purchase two Crude Oil tankers

Asyad's most recent fleet

Asyad's most recent fleet synopsis reveals a total of 35 product tankers within a diversified fleet that exceeds 90 ships, encompassing crude tankers, dry bulk carriers, gas tankers and liner ships. Overall fleet capacity is approximately 11.4m dwt. Notably active since listing on the Muscat Stock Exchange in March 2025, the state-backed company has expanded through a combination of newbuildings and secondhand purchases, securing employment for many of its acquisitions.

 By the end of 2025, Asyad owned 91 vessels,

 By the end of 2025, Asyad owned 91 vessels, including ships under construction and second-hand tonnage awaiting delivery. The company had contracted revenue of $2.2 billion, stretching beyond 2030. A further eleven vessels were due to join the fleet between 2026 and 2027. Growth this year has spread beyond tankers. In April, Splash reported that Asyad had moved into the Kamsarmax segment by acquiring two ships built in 2023 for $72.7 million. The following month, it added two 100,309 DWT 'baby capes' for $75.8 million, both of which were supported by three-year charters with an international dry bulk operator. 

#Asyad Shipping # MR Tankers # Oman #Muscat Stock Exchange # Kamsarmax segment#Splash 247