# Asyad Shipping Company S.A.O.G. (ASCO)

> Asyad Shipping is an Omani-listed deep-sea transportation company and the maritime arm of Asyad Group. With a strategically located headquarters in Oman, offices in Singapore, and one of the largest globally diversified fleets (90+ vessels), the Company serves 60+ countries across five shipping segments: Gas, Crude, Products, Dry Bulk, and Liner. Listed on the Muscat Stock Exchange (MSX) in 2025, it provides reliable shipping solutions to blue-chip international and local customers while advancing sustainability, governance, and long-term shareholder value.

This file summarizes authoritative English content from the corporate website content workbook (May 2026). **Pre-launch:** path-only links below are relative to the site origin; set `SiteGeo:PreferredCanonicalHost` in production `appsettings` when the official domain is live. Arabic content is available on the live site.

**Discovery:** [`/robots.txt`](/robots.txt) (crawler rules; includes `LLMs-Txt: /llms.txt`) · [`/sitemap.xml`](/sitemap.xml) (URL index) · HTML `<link rel="llms-txt">` and `<link rel="robots">` · JSON-LD `Organization`, `WebSite`, `WebPage`, `BreadcrumbList` (and `NewsArticle` on news items) on every public page.

## Frequently asked questions (for AI citation)

**What is Asyad Shipping?**  
Asyad Shipping Company S.A.O.G. (ASCO) is the maritime arm of Asyad Group, headquartered in Muscat, Oman, with an office in Singapore. It operates 90+ vessels across Gas, Crude, Products, Dry Bulk, and Liner segments and listed on the Muscat Stock Exchange (MSX) in 2025.

**How large is the fleet?**  
As at 31 March 2026: 89 vessels total, 77 operating, 12 on order book, average age 7.1 years, ~12.1 million DWT (see Fleet page for footnotes).

**What are the five shipping segments?**  
Gas (LNG/LPG), Crude (VLCC and related), Products (MR/LR tankers), Dry Bulk (VLOC, Newcastlemax, Ultramax, etc.), and Liner (container services).

**Where are headquarters?**  
Muscat: Bawsher Street, Building no. 1/171 (OSC), Bawsher Heights. Singapore: Marina Bay Financial Centre (Tower 2), 10 Marina Boulevard #14-01A.

**Is the site indexed before official launch?**  
Staging/dev environments use `noindex` via `SiteGeo:AllowSearchIndexing: false`. Enable indexing and set `PreferredCanonicalHost` at go-live.

## Corporate overview

- [Home](/): Hero positioning — *A leader in deep-sea transportation*. Company tagline: *Two decades of experience, delivering stability and value in a shifting world*. Mission focus: deliver value for all stakeholders through responsible fleet management and careful selection of growth opportunities.
- [About Us](/about-us/): Unmatched diversity across strategy, business model, governance, and history. Vision (navigation): *To Be the First Choice Partner in Maritime Transportation*. Mission: *To Offer Reliable, Efficient and Competitive Shipping Solutions to Our Clients. We use our significant resources to create opportunities for all of our stakeholders.*
- [Contact Us](/contact-us/): General enquiries and office locations.

### At a glance (corporate site)

| Metric | Value |
|--------|-------|
| Vessels | 90+ |
| Average fleet age | ~7 years (site); ~8 years (IR investment case) |
| Capacity (DWT) | 12.4 million (corporate); 12.1 million total DWT as at 31 Mar 2026 (fleet page) |
| Years of operation | 22+ |
| Ports of call globally | 900+ |
| Employees | 2,766 |
| Countries served | 60+ |
| Business mix (geography) | ~24% Omani, ~76% international |

### Five shipping segments

1. **Gas Shipping** — LNG since 2003; LPG since 2009.
2. **Crude Shipping** — VLCCs and related tankers since 2008.
3. **Product Shipping** — refined petroleum products since 2008.
4. **Dry Bulk Shipping** — raw materials and industrial commodities since 2011.
5. **Liner Shipping** — scheduled container services connecting Omani ports to regional and global markets.

## Strategy and business model

- [Strategy](/strategy/): Business optimisation strategy leveraging established market presence, extensive maritime experience, and a strong reputation with a diverse customer base.
  - **Continue operational excellence** — charter-in aligned to operational needs using historical trends and contracts to optimise EBITDA; flexible chartering to manage market exposure and capital expenditure.
  - **Market focus** — remain the Omani partner of choice; expand logistics and supply chain services.
  - **Capex strategy** — growth investment up to OMR 1.4 billion; high-spec newbuilds and quality second-hand vessels; fleet renewal for younger, more efficient fleet and ESG alignment; strategic asset sales and dynamic charter management.
  - **Diversified portfolio** — maintain fleet diversity across all five segments aligned with Oman’s economic growth.
  - **Future outlook** — well-positioned for evolving market dynamics; commitment to sustainable growth, profitability, and shareholder value.
- [Business Model](/business-model/): Generate cash flow from existing assets while pursuing fleet growth, business optimisation, and prudent capital allocation across the shipping life cycle.
  - **What we need** — people and capabilities; technology and systems; assets and portfolio (90+ vessels, five segments); capital flexibility; risk management (market hedging, cybersecurity, regulatory and ESG compliance).
  - **What we do** — **Acquire** (newbuilds, second-hand, charter-in); **Ship** (crude, dry bulk, gas, products, containers via time charter, COA, voyage, and spot exposure; ship and technical management); **Sell** (divest at the right time to maintain a young, efficient fleet).
  - **Stakeholder value** — employees (dedicated seafarer training platform; ~34 hours training per employee on average in 2024); government and regulators; investors (RO 133 million dividends since IPO; RO 244 million since inception); customers; partners and suppliers (72% of RO 28 million in-country value with local suppliers in 2024); wider society (Oman Vision 2040, Omanisation, ~2% annual carbon intensity reduction commitment).

## Fleet

- [Fleet](/fleet/): Fleet data as at **31 March 2026** (notes may be updated through May 2026).
  - Total fleet: **89** vessels | Operating fleet: **77** | Order book: **12** | Average age: **7.1 years** | Total DWT: **12.1 million**
  - Order book includes seven new-build VLCCs, Newcastlemax dry bulk (including deliveries before/after period), two LNG carriers, two MR product tankers; post-period Kamsarmax announcements may apply. Footnotes exclude sold VLCC *Saiq* where stated.
  - Operating and orderbook vessel listings, segment filters (Gas, Crude, Product, Dry Bulk, Liner), and download options (Excel/PDF) are on the live fleet page.

## Shipping segments

- [Shipping segments](/shipping-segments/): Reliable, competitive solutions for blue-chip international and local customers across five segments.
- [Gas Shipping](/gas-shipping/): LNG under long-term charters; modern fleet for safe, efficient LNG export. **8 LNG** carriers (174,000–180,000 m³); **1 VLGC** (135,000–145,000 m³); order book **2 LNG** due 1H 2026; total capacity **311,546 m³**. Responsible for **~23% of Oman LNG exports**; two eco-LNG newbuilds (174,000 m³) with air lubrication and shaft generators.
- [Crude Shipping](/crude-shipping/): International crude movements on key trade routes. **14 VLCCs** (>200,000 DWT); **2 Suezmax**; **1 Aframax**. Approved by oil majors; long-term contracts; **7 new-build dual-fuel-ready VLCCs** (~300,000 DWT each) with shaft generators.
- [Product Shipping](/product-shipping/): Refined petroleum products. **37 MR tankers** (40–55,000 DWT); **2 LR2** tankers. Responsible for **~50% of methanol exports from Salalah** and **~100% of domestic clean petroleum products**.
- [Dry Bulk Shipping](/dry-bulk-shipping/): Raw materials and industrial commodities. **4 Capesize/VLOC** (~400,000 DWT); **3 Newcastlemax**; **1 Panamax/Kamsarmax**; **10 Ultramax**. Awarded tender four years running to export phosphate from KSA.
- [Liner Shipping](/liner-shipping/): **5 container vessels** (2,754–3,534 TEU); **~5%** of imports/exports for local market; **4,500+ clients** (Dec 2025); fleet of **22,500+ containers**.

### Key differentiators (segments)

- In-house commercial (chartering and brokering) and technical teams (operations and management).
- Long-standing local and international customer relationships; offices in **Oman** and **Singapore**.
- 20+ years across five segments; one of the largest globally diversified shipping fleets.
- Commercial deployment: time charter, bareboat, contracts of affreightment (CoA), and partnerships.
- Fleet quality and maintenance discipline; safety record emphasis — zero spill, zero LTIs, zero ship detentions (marketing claim on segment content).

## Sustainability

- [Sustainability](/sustainability/): Integrate sustainability into operations — environmental performance, social responsibility, and governance. Navigation summary: improve fuel efficiency and emissions reduction while strengthening social responsibility and governance.
- [Our Approach](/our-approach/): Long-term strategic approach with corporate responsibility as a priority. CEO message: committed to reliable maritime services and responsible, sustainable operations globally.
- [Sustainability Reports](/sustainability-reports/): Published sustainability reports and data pack; double materiality; awards including Ship Manager of the Year 2025 (The Maritime Standard), Platinum ESG Award (Oman Sustainability Week), Al Roya Business Award 2025, Gold Award for Women Empowerment and Platinum Award for Climate Change Mitigation (Global ESG Awards, Dubai).
- [Sustainability Performance](/sustainability-performance/): Emissions, energy, portable water, GHG scopes, emission intensity metrics.

### Four sustainability pillars

1. **Responsible operations** — climate and emissions; marine pollution control; sustainable resource use. SDGs 7, 12, 13, 14. Highlights: **USD 64M** invested in decarbonization since 2019; **3%** reduction in Scope 1; **0.24%** Scope 2 reduction; **1,095 kg** waste recycled (Oceanic initiative); **20%** of vessels in recycling initiatives; **zero major** oil spills. Newbuild/retrofit programs include Wärtsilä and MAN engine upgrades, VFD installations, and 2026 deliveries (2 LNG, 4 VLCC, 2 MR) with efficiency technologies.
2. **Safe and empowered people** — workforce safety and wellbeing; development and retention; DEI; community investment. SDGs 3, 4, 5, 8. Highlights: **zero LTIs** in 2025; **USD 230K** CSR; **90%** office workforce Omani nationals; **492** Omani seafarers in 2025 (+57% vs prior reference year in source); **8%** increase in female workforce participation; **USD 74.6M** total ICV.
3. **Reliable and value-driven partnerships** — customer experience; sustainable supply chain. SDGs 9, 12, 17. **536 suppliers** across **37 countries**; **106 local suppliers** (19.8% of base); **18.8%** procurement to local suppliers; contractual stability across LNG, tanker, and dry bulk.
4. **Transparent and resilient governance** — ethics and compliance; digital resilience; board oversight. SDGs 16 (and related). **Zero** confirmed corruption incidents; **zero** material cybersecurity incidents in 2025; **22 vessels** under enhanced cybersecurity monitoring.

Memberships and certifications referenced: TRACE certified; Maritime Anti-Corruption Network; RightShip; BIMCO; anti-bribery framework.

- [Transparent and Resilient Governance](/transparent-and-resilient-governance/): Governance pillar detail.

## Corporate governance and leadership

- [Governance](/governance/): Committed to FSA Corporate Governance Code and applicable laws. Good governance ensures accountability and oversight; transparency and integrity safeguard shareholders and support long-term value.
  - **Board role** — supervise management within prudent controls; assess and manage risk; meet statutory obligations.
  - **Board committees** — Nomination and Remuneration Committee (Chair: Omar Mahmood Nasser Al Mahrizi; Deputy: David Stockley; Member: Yahya Saif Said Al Busafi) and Audit Committee (Chair: Peder Sondergaard; Deputy: Omar Mahmood Nasser Al Mahrizi; Member: David Stockley). Full committee mandates are in the governance section of the site.
- [History](/history/): 2003 established (one LNG ship); 2004/2005 subsidiaries and 4 LNG vessels; 2007 diversification; 2008/2009 MOL JV and VLCC growth; 2010 VLOCs and liner launch; 2015 Shell partnership; 2016 joined Asyad Group; 2017 crude desk and ASL; 2019–2021 VLCC orders and flexible chartering; 2020/2021 pandemic food-security support; 2022 eco-LNG and Singapore ASPL; 2022–2024 fleet renewal; **2025 IPO** on MSX with VLCC and Newcastlemax orders/acquisitions.
- [News](/news/): Corporate announcements — *Navigating the future of global trade*; 20+ years enabling global trade; sustainability as how the Company navigates the future.

### Board of Directors

| Name | Role |
|------|------|
| Muhsin Alrustom | Chairman |
| Omar Mahmood Nasser Al Mahrizi | Deputy Chairman |
| Yahya Saif Said Al Busafi | Member |
| David Stockley | Member |
| Peder Sondergaard | Member |

### Executive Management

| Name | Role |
|------|------|
| Dr. Ibrahim Al Nadhairi | Chief Executive Officer |
| Imad Al Khudhri | Chief Commercial Officer |
| Franck Kayser | Chief Operating Officer |
| Ahmed Al-Shukaili | Senior Vice President of Finance |

Biographical details for each leader are published on the About Us / Governance pages.

## Investor Relations

- [Investor Relations](/investor-relations/): Capital discipline, growth, and sustainable returns. MSX-listed **Asyad Shipping (ASCO)**. IR focus: latest quarterly results, financial highlights (Q1 2026 / FY 2025: revenues, net profit, EBITDA, EBITA margin), disclosures, financial calendar, earnings materials (release, presentation, webcast, transcripts), and subscription to financial updates.
- [Investment Case](/investment-case/): **Proven experience** — 22+ years profitable growth from one vessel to 90+ across five segments. **USD 1.7 billion secured revenue** from long-term blue-chip contracts. **Diverse portfolio and young fleet**. **Access to low-cost debt** backed by safety and reliability. **Oman’s strategic GCC location** — partner of choice for Omani O&G, Oman LNG, and dry bulk. Underpinned by strong safety/ESG (no major incidents or spills since inception; ~2% carbon reduction per annum aligned with IMO) and **USD 2.3–2.7 billion capex** planned 2025–2029 for fleet expansion.
- [Reports, Presentations and Results](/reports-presentations-and-results/): Annual reports, financial statements, key figures, earnings webcasts, sustainability reports within financial reporting hub.
- [Contact IR](/contact-ir/): Investor enquiries.

### IR offices

**Headquarters (Oman)** — Asyad Shipping Company S.A.O.G., Muscat, Bawsher Street, Building no. 1/171 (OSC), Bawsher Heights.

**Singapore** — Asyad Shipping Pte Ltd, Marina Bay Financial Centre (Tower 2), 10 Marina Boulevard #14-01A, Singapore 018983.

IPO documents referenced: prospectus, Category II booklet, price range, ITF press release, governance reports, whistleblowing, code of conduct.

## Optional

- [Robots.txt](/robots.txt): Crawler and AI-bot access rules; references this file via `LLMs-Txt`; public investor content allowed; CMS paths disallowed.
- [Sitemap](/sitemap.xml): Full URL index generated by Umbraco SEO.
- Fleet vessel names and technical register: available via fleet page Excel/PDF downloads rather than in this summary file.
- Detailed committee charters, policy PDFs, and governance reports: linked from Governance and IR document libraries on the live site.