Oman's Asyad Shipping has announced that it has awarded $104 million contracts to South Korea's Hyundai Heavy Industries (HHI) for the construction of two new medium range product tankers. These vessels, which are part of Asyad Shipping’s fleet expansion strategy, will be delivered in 2029.
Asyad Shipping and Vale have marked a milestone in sustainable shipping with Sohar Max, the first wind-assisted Valemax vessel, making its inaugural call in Oman to deliver iron ore to Vale’s Sohar operations.
Asyad Shipping has advanced its fleet expansion strategy with the naming of new product tanker “MT Manah” at China’s Wuzhou Shipyard, enhancing refined petroleum transport capabilities and supporting Oman’s vision to become a leading global maritime and logistics hub.
Asyad Shipping, a subsidiary of Asyad Group, has named two new liquefied natural gas (LNG) carriers, Muscat LNG and Musandam LNG, marking a key expansion of Oman’s maritime fleet and strengthening its role in global energy transport.
