Asyad Shipping orders six product tankers in 8m deal Business

Asyad Shipping orders six product tankers in $308m deal

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 […]

OMIFCO outlines plan to diversify product portfolio Business

OMIFCO outlines plan to diversify product portfolio

MUSCAT, JUNE 17 Oman India Fertiliser Company (OMIFCO) – the Sultanate of Oman’s flagship fertiliser producer – has outlined an ambitious long-term strategy to diversify its product portfolio beyond its current focus on urea and ammonia primarily for agricultural use. The company, which is currently in the midst of an Initial Public Offering (IPO), announced […]