Asyad Shipping is taking major strides to expand its fleet and presence in global energy markets with a strategic investment of up to $2.7 billion. With sustainability and innovation at the core, the company is reinforcing its commitment to efficient operations, environmental responsibility, and national workforce empowerment.
Growing Fleet with a Green Vision
As of April 2025, Asyad Shipping operates a fleet of 85 vessels and plans to further expand into ethylene and ammonia transport, along with its current focus on crude oil and LNG. Two newly acquired vessels meet carbon neutrality standards, aligning with Asyad’s long-term goal of sustainable shipping. Upcoming fleet additions include two LNG carriers, four crude oil tankers, and two oil derivative carriers, expected to be operational by 2026–2027.
Strategic Investments and Market Adaptability
With $1 billion already invested, the total planned investment of $2.3 to $2.7 billion reflects Asyad’s aggressive expansion strategy. The company employs flexible operating models, including short- and long-term contracts and spot market operations, enabling it to respond swiftly to shifting market dynamics and maintain a competitive edge.
Operational Excellence and International Growth
Through its Singapore office, Asyad successfully managed 38 tankers in 2024, boosting its international operational capabilities. Its rising influence in regional and global markets has also contributed to steady revenue and a 30.4% rise in net profit in 2024, driven by optimized contract strategies and efficient resource management.
Commitment to National Talent and Value Creation
With 90% Omanisation in ship management and marine crew, Asyad is setting a benchmark in local workforce development. The company’s strong focus on human capital investment is not only empowering the national workforce but also ensuring long-term value generation for Oman.
IPO and Financial Sustainability
Asyad’s initial public offering (IPO) underscores its investment management efficiency and growing investor confidence. With robust financial performance and global expansion efforts, the company is positioning itself as a sustainable leader in energy logistics.
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Source: The Arabian Stories
