Oman: Asyad Shipping takes delivery of first of two Kamsarmax bulk carriers

Oman-based Asyad Shipping Company has successfully taken possession of the first of two Kamsarmax dry bulk carriers it purchased earlier this year, named Ain Al Sarooj. The vessel has promptly entered a one-year time charter, immediately contributing to the company's revenue. Its counterpart, Ain Al Thawarah, is scheduled for delivery by the end of November 2026, already secured under a two-year time charter contract, as reported by the Muscat Stock Exchange (MSX).

Asyad Shipping announced on April 22, 2026, the agreement to acquire the two second-hand vessels for a combined consideration of approximately RO 28 million. Both carriers were constructed in 2023, boasting a deadweight tonnage (DWT) capacity of 85,000 tonnes each. Dr Ibrahim al Nadhairi, Chief Executive Officer of Asyad Shipping, highlighted that the addition of these vessels will increase the company's dry bulk segment to 18 owned vessels, with a collective carrying capacity of over 3 million DWT.

The fleet also comprises vessels chartered from the market, encompassing various types such as VLOC, Newcastlemax, Baby-Cape, Kamsarmax, and Ultramax.

Describing the dry bulk fleet as one of the largest and most diverse in the region, Dr Al Nadhairi emphasized that the mixture allows the company to serve customers effectively and establish a strong global presence. The company has been in operation for over 20 years, managing a fleet of around 90 vessels across five segments, including crude, dry bulk, gas, liner, and products. Asyad Shipping serves more than 60 countries, according to the company's disclosure.