Began operations with one LNG ship, exporting Omani LNG
Launched subsidiaries for ship management & managing chartered
fleet. Fleet grew to 4 LNG vessels.
Added tankers & dry bulk carriers, becoming Oman’s official shipping arm, offering services to OQ, OQ Base Industries SAOG and Sohar Aluminium.
Formed JV with MOL for product tankers, ordered 12 VLCCs, growing to 16 vessels
4 VLOCs for Vale S.A. first of their kind to transport iron ore from Brazil to Sohar. and launched Liner Shipping to boost local logistics.
Providing 10 medium range tankers.
Became the shipping arm of Oman’s logistics powerhouse
Launched Crude Tankers Desk, founded Asyad Line (ASL), and expanded Shell partnership with VLCCs.
Ordered 3 VLCCs; introduced flexible chartering strategy.
Supported national food security with ASL’s logistics services.
Ordered 2 eco-LNG vessels;
launched Asyad Singapore
to serve Asia.
Sold 6 older VLCCs; ordered 4 new ones for delivery in 2026–2027.
Listed on Muscat Stock Exchange (MSX), ordered 2 VLCC's and 3 Newcastlemax's.
Acquisition of 2 VLCCs
- Sold 6 older vessels (1 VLCC, 5 LNG Carriers)
- Delivered 15 new vessels (2 LNG Carriers, 2 Baby Capesize, 2 Kamsarmax, 4 VLCCs, 2 MR Tankers, 3 Newcastlemax)
- Ordered 9 new vessels (6 MR Tankers, 3 VLCCs)
