Oman-based Asyad Shipping has placed a new order with Hyundai Heavy Industries for two medium-range product tankers, expanding its July contract for six sister ships. The two 49,999 DWT vessels, valued at about OMR 40 million, are scheduled for delivery in 2029 and are already backed by five-year time-charter deals with a global energy company.
Oman’s state-backed Asyad Shipping has awarded a fresh shipbuilding contract to South Korean yard Hyundai Heavy Industries for two medium-range product tankers, adding to six similar vessels ordered in July. The new contract is valued around 40 million Omani rials (approximately USD 104 million) and will be financed through a mix of internal cash and debt. Each tanker will have a deadweight capacity of about 49,999 DWT and will be built as sister ships to the earlier six-unit series, creating a standardized MR fleet for the company. Delivery of the two vessels is expected in 2029, and Asyad Shipping has already secured five-year time-charter contracts with a major global energy player for both ships, providing commercial visibility from day one of operations.
Source:
agbi.comShare this article
Related news
Bahri orders three VLCCs from IMI in $451 million shipbuilding deal
Saudi shipping company Bahri has awarded International Maritime Industries a contract worth about $451 million for three 320,000-dwt very large crude carriers. Delivery is scheduled in batches between 2029 and 2030.
Global container rates rise for a third consecutive week amid geopolitical uncertainty
The Shanghai Containerized Freight Index reached 3,681.34 points, extending a three-week recovery. The modest increase reflects continued pressure on available capacity and uncertainty across major sea lanes.
Crude tanker rates enter correction after Hormuz-driven “super spike”
Crude tanker freight rates are retreating after reaching a peak in early October, but geopolitical risk, longer voyages and constrained vessel availability continue to support a volatile market.