{"id":3570,"date":"2025-08-18T16:37:00","date_gmt":"2025-08-18T12:37:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/awabi-joins-asyad-shipping-fleet\/"},"modified":"2025-08-18T21:14:33","modified_gmt":"2025-08-18T17:14:33","slug":"awabi-joins-asyad-shipping-fleet","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/awabi-joins-asyad-shipping-fleet\/","title":{"rendered":"Asyad Shipping Expands Fleet with New VLCC Awabi: Implications for Maritime Trade and Investment in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>MUSCAT<\/strong>: Asyad Shipping, the majority Omani state-owned maritime transportation company, has strengthened its crude shipping capabilities with the acquisition of a new Very Large Crude Carrier (VLCC), increasing its VLCC fleet to 18 vessels.<\/p>\n<p>The latest addition, MT Awabi, is the second of two VLCCs acquired in a deal initially announced by the publicly listed company on April 30, 2025. The first vessel, MT Qurayyat, was delivered on July 11, 2025.<\/p>\n<p>In a statement to the Muscat Stock Exchange regarding the new arrival, Asyad Shipping announced, \u201cThe vessel has been named \u2018Awabi\u2019 in a gesture that reflects the Company\u2019s pride in the national identity and landmarks of the Sultanate.\u201d<\/p>\n<p>Both Qurayyat and Awabi are second-hand sister ships built by Dalian Shipbuilding Industry Company in China and were delivered in 2019 and 2020, respectively. Each vessel measures approximately 333 meters in length, has a maximum deadweight capacity of 308,000 tonnes, and includes energy-saving features as well as desulfurization systems.<\/p>\n<p>During the first half of this year, Asyad Shipping also acquired two newly constructed product tankers, bringing its total fleet to around 85 vessels across various cargo segments.<\/p>\n<p>Company officials indicated that Asyad Shipping plans to invest between $2.3 billion and $2.7 billion in fleet expansion, with over $1 billion already committed. Future investments will include additional tankers scheduled for service in 2026 and 2027, comprising two LNG carriers, four crude oil carriers, and two product tankers.<\/p>\n<p>As of June 30, 2025, Asyad Shipping&#8217;s total asset value rose to RO 1.184 billion, up from RO 1.085 billion on December 31, 2024. This increase is primarily due to higher valuations of property, vessels, equipment, right-of-use assets, and trade receivables.<\/p>\n<p>For the six-month period ending June 30, 2025, Asyad Shipping reported gross revenue of RO 164.6 million, down from RO 180.5 million during the same period in 2024. Abdulrahman Salim Al Hatmi, Chairman of the Board of Directors, noted in the Directors\u2019 Report that this performance aligns with the cyclical patterns of the shipping industry and current market conditions.<\/p>\n<p>Net profit declined to RO 20.2 million, compared to RO 27.7 million a year earlier, while operating profit for the period was RO 32.3 million, down from RO 43.0 million in the first half of 2024.<\/p>\n<p>Asyad Group, the integrated ports and logistics arm of Oman Investment Authority (OIA), holds an 80% stake in Asyad Shipping.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The acquisition of <strong>two new Very Large Crude Carriers (VLCCs)<\/strong> by Asyad Shipping significantly enhances Oman\u2019s maritime capacity, positioning the nation as a stronger player in the global crude logistics sector. This expansion presents <strong>opportunities for local businesses<\/strong> in related industries, such as shipbuilding and maintenance, while also creating potential <strong>risks<\/strong> related to fluctuating market demands and global oil prices. <strong>Smart investors<\/strong> should consider aligning their strategies with Asyad&#8217;s growth plans, particularly in logistics and energy sectors, to capitalize on the evolving maritime landscape.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asyad Shipping has enhanced its crude shipping capabilities by acquiring a new Very Large Crude Carrier (VLCC), raising its fleet to 18 vessels. The new addition, MT Awabi, is part of a deal announced earlier in 2025, reflecting the company\u2019s commitment to national identity.<\/p>\n","protected":false},"author":5,"featured_media":3571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[398,161,1123],"class_list":["post-3570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-maritime","tag-oman","tag-shipping"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/08\/3102766.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=3570"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3570\/revisions"}],"predecessor-version":[{"id":3572,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3570\/revisions\/3572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/3571"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=3570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=3570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=3570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}