Asyad Shipping takes delivery of two Capesize dry bulk carriers

19/08/2026 03:33 AST

As part of its ongoing fleet expansion strategy, Asyad Shipping Company on Tuesday announced the delivery of Ain Sahlnoot, the first of two second-hand baby-Capesize dry bulk carriers. The second vessel, Ain Hamran, is scheduled for delivery the following week.

Upon delivery, both vessels will be employed under three-year time-charter contracts with a leading international dry bulk freight operator, Asyad Shipping said in a disclosure to the Muscat Stock Exchange.

Dr Ibrahim Al Nadhairi, Chief Executive Officer of Asyad Shipping, said, "The addition of these two vessels puts our investment strategy into action. Their immediate deployment on three-year time-charter contracts will strengthen our dry bulk performance and provide clear commercial visibility. This disciplined approach to fleet growth supports sustainable long-term value for our stakeholders."

As previously announced on May 21, 2026, Asyad Shipping signed agreements to purchase the two second-hand vessels for a total consideration of approximately RO29.2mn.

Ain Sahlnoot was built in 2020 and Ain Hamran in 2021. Each vessel has a capacity of 100,309 deadweight tonnes, the company said.

In April, Asyad Shipping took delivery of three Newcastlemax dry bulk carriers as part of its fleet expansion strategy. The vessels - Ain Garziz, Ain Razat and Ain Athum - were secured on long-term charter contracts, providing immediate revenue visibility.

With its strategic geographical location and one of the largest globally diversified fleets, comprising approximately 90 vessels, Asyad Shipping serves more than 60 countries and is well positioned to supply high-growth markets, particularly in Asia, the Middle East and North Africa.

Muscat Daily