The company plans to invest $2.7 billion as part of its expansion strategy
Oman’s ASYAD Shipping Company announced the purchase of two crude oil tankers with a capacity of up to two million barrels per tanker. This strategic move supports the company’s expansion in the energy sector and strengthens its presence in regional and international markets.
Plan to expand the shipping fleet
Imad bin Saeed Al Khaduri, Chief Commercial Officer of ASYAD Shipping, emphasized that this investment is part of an integrated plan to expand the shipping fleet and strengthen partnerships with major international oil transportation companies.
Carbon neutrality standards
Al-Khadouri pointed out that the two new ships comply with carbon neutrality standards, which supports ASYAD‘s commitment to sustainability as part of its expansion plans, according to the Oman News Agency.
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The company’s fleet
Al-Khadouri stated that the company’s fleet includes 85 vessels by April 2025, with plans to expand it in the coming years to include new sectors, including the transportation of ethylene and ammonia, in addition to crude oil and gas. He 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 Said that ASYAD Shipping plans to invest between $2.3 and $2.7 billion as part of its expansion strategy, noting that more than $1 billion has been invested so far, including the purchase of new vessels that will enter service in 2026 and 2027. These include two LNG carriers, four crude oil carriers, and two oil derivative carriers.
He added that ASYAD Shipping, through its international presence via its trade office in Singapore, achieved outstanding performance in 2024, managing and operating 38 tankers, reflecting the company’s operational efficiency and leadership in this sector.
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Asyad Group is Oman’s global integrated logistics provider, ranked 4th on Forbes’ “10 Biggest Logistics Companies in MENA” list.
As a USD 4 billion enterprise backed by an initial USD 26 billion in government infrastructure spending, Asyad is attracting customers and investors keen on leveraging the country’s state-of-the-art logistics facilities and established manufacturing capabilities. It is Oman’s Powerhouse Redefining Logistics In MENA And Beyond according to Forbes
