Muscat: Asyad Shipping has sold a 20 per cent stake in each of its two new-build liquefied natural gas carriers, ‘Muscat LNG’ and ‘Musandam LNG’, bringing two Omani institutions into the ownership of the vessels. In a disclosure to shareholders and market participants dated July 26, the company said it had signed an agreement with […]
MUSCAT: Asyad Container Terminal in Duqm has marked a new milestone after receiving CMA CGM Vasco da Gama, one of the world’s largest container ships. The vessel’s maiden call at the terminal demonstrates its advanced operational capabilities and readiness to handle large container ships. Omar bin Mahmood al Mahrizi, CEO of Asyad Ports and Free […]
MUSCAT, July 9 Asyad Shipping, the majority state-owned Omani maritime transportation company, has signed contracts worth approximately $308 million for the construction of six medium-range (MR) product tankers with South Korean shipbuilding giant Hyundai Heavy Industries, marking another major milestone in its long-term fleet expansion strategy. The company, part of Asyad Group and listed on […]
MUSCAT: Revenue at Asyad Group has surged nearly sixfold over the past decade, highlighting the rapid expansion of Oman’s national logistics champion as it strengthens its global footprint and supports the Sultanate’s ambitions to become a regional trade and transport hub. The group marked its 10th anniversary this year under the theme “A Decade of […]
