Recently, Asyad Shipping in Oman has reached an agreement to sell three old oil tankers in its fleet for a total of 68.44 million Omani riyals (approximately 178 million US dollars).

It is reported that Asyad Shipping is accelerating the elimination of old ships and completing fleet iteration by ordering a large number of new ships. This sale includes two VLCCs built in 2011: the "Seeb" and "Samail" ships, with a total transaction amount of 61.7 million Omani riyals (approximately 160.5 million US dollars). There is also an independent transaction to dispose of the MR type oil tanker "Al Amerat" built in 2008, priced at 6.74 million Omani riyals (approximately 17.5 million US dollars).

The "Seeb" ship with a load capacity of 319439 tons was previously built by Daewoo Shipbuilding (DSME) in South Korea; The "Samail" ship with a deadweight tonnage of 302845 was built in Japan. The Al Amerat is a 51022 deadweight ton product oil tanker built by STX shipyard and delivered in December 2008. After the completion of the sale of the two VLCCs, all the crude oil tankers built in the 2011 batch under Asyad Shipping have been cleared.

While disposing of old ships one after another, Asyad Shipping has also significantly expanded its modern new ship capacity.

In January of this year, Asyad Shipping placed an order with Hanwha Marine for three additional 300000 deadweight ton VLCCs, with a total investment of approximately $388.5 million. The new ships are scheduled to be delivered between 2028 and 2029. With the addition of four VLCCs (each costing approximately $130 million) ordered from this South Korean shipyard in 2024, the scale of VLCC new ship orders has further expanded.

The first ship "Bidbid" in the previous order was delivered 2 months ahead of schedule in May this year; The remaining three ships are planned to be put into operation gradually in the second half of this year. When Asyad Shipping released its semi annual report, two of them had already secured long-term leases.

Since its listing in Muscat, Asyad Shipping has been frequently involved in buying and selling ships. The company's capital expenditure doubled year-on-year in the first half of the year, reaching 260.4 million Omani riyals; Net profit surged by 92%, reaching 38.9 million Omani riyals. Asyad Shipping stated in August that the market for old ships is improving, giving it the opportunity to accelerate fleet updates and continue to acquire modern vessels.

As of the end of June, excluding newly added investment projects after the reporting period, Asyad Shipping has a fleet of 91 ships, of which 79 are in operation and 12 are under construction order ships

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