Name

Asyad Shipping

Legal name

Asyad Shipping Company S.A.O.G.

Website

https://asyadshipping.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Maritime Shipping and Deep-Sea Transportation Services

NAICS

Deep Sea Freight Transportation (483111)

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

akta.pro secondary industries

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD), Product Tanker Shipping (Clean/Dirty) (EUALADAH), Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)

Keywords

• Deep-sea transportation
• Maritime shipping services
• Crude oil tankers
• LNG carriers
• Dry bulk shipping

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Time Charter Contracts: Long-term time-charter contracts (e.g., 5-year charters) for owned vessels provide stable, contracted revenue. As of September 2024, Asyad Shipping reported a revenue backlog of USD 1.9 billion, underlining substantial contracted future income. Recent acquisitions of two VLCCs and three Newcastlemax vessels were immediately placed on time charters.
2. Spot Market Shipping Services: Varying portion of fleet employed on spot market rates, subject to shipping industry cyclicality. Revenue from spot voyages is dependent on prevailing freight rates.
3. Liner Shipping Services (Asyad Line): Container shipping services through subsidiary Asyad Line, providing storage, transportation, and customs clearance. Revenue from container freight and value-added logistics services.
4. Ship Management and Chartering Services: Subsidiaries OCC, OSMC, ASMC, ASL provide commercial and technical ship management, chartering activities, and vessel management services for owned and third-party ships.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Asyad Shipping operates one of the world's largest and most diversified shipping fleets of over 90 vessels across five core segments: crude tankers (VLCCs, SuezMax, Aframax), product tankers (MR and chemical carriers), dry bulk carriers (VLOCs and Ultramax), gas carriers (LNG and LPG), and liner services through Asyad Line. The company transports crude oil, refined products, LNG, LPG, dry bulk commodities (iron ore, bauxite), and containers for blue-chip enterprise customers under long-term time charters and spot market arrangements, supported by ship management and chartering subsidiaries.

Product overview

Asyad Shipping operates a diversified fleet of over 90 vessels across five core shipping segments: Crude Tankers (18 vessels including VLCCs for crude oil transport), Product Tankers (37 vessels for refined petroleum and chemicals), Dry Bulk (14 vessels including VLOCs and Ultramax for iron ore and bauxite), Gas Carriers (7 LNG/LPG carriers including the advanced ADAM LNG), and Liner Services (5 liners operated via Asyad Line subsidiary). The company provides integrated logistics solutions through subsidiaries OSMC (ship management), OCC (charter services), and ASL (container shipping). All segments are supported by a digital bunker procurement platform via AuctionConnect partnership and aligned with Oman Vision 2040 sustainability objectives.

Differentiator

Problem solved

Functional benefit

Brands

• Asyad Line: Container shipping division of Asyad Shipping operating regional maritime routes connecting GCC, India, Southeast Asia, and beyond, with integrated logistics including storage, transportation, and customs clearance services.

Quantifiable outcome

• Revenue backlog of USD 1.9 billion providing contracted future income stability
• +6 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• Hyundai Heavy Industries (HD Hyundai)coreStrategic or Co-development Partner · 9 July 2026South Korean shipbuilder contracted for construction of six 49,999 DWT MR product tankers at a cost of OMR 119m (USD 308m), with deliveries from 2029. Vessels already secured under 5-year time-charter agreements with a leading global energy company. Part of Asyad's fleet expansion programme targeting USD 2.3-2.7 billion in investments through 2029.
• Oman LNGcoreStrategic or Co-development Partner · 29 June 2026Oman LNG and Asyad Shipping partnership for LNG transportation. Asyad Shipping owns and operates LNG carriers (including newly commissioned Muscat LNG vessel) transporting Oman LNG cargo from Sur terminal to global markets. Supports Oman's position as a global energy supplier.
• AuctionConnectstrategicTechnology or Integration · 14 April 2026Three-year strategic partnership under which Asyad Shipping adopted AuctionConnect's digital auction-based bunker procurement platform for real-time negotiations with vetted suppliers. Enhances price transparency, auditability, and governance in volatile maritime fuel markets. AuctionConnect is the longest-established name in digital bunker purchasing since 2000.
• Lloyd's Register AdvisorystrategicImplementation/ SI/ Consulting Partner · 1 January 2025Supported Asyad Shipping in developing its first ESG strategy and sustainability report for FY2023-2024, building the framework across the fleet. Established ESG metrics, data collection processes, and ownership structures aligned with Global Reporting Initiative (GRI) and SASB marine transportation standards.
• OQ Alternative Energy and Sumitomo Corporation Middle East FZEstrategicStrategic or Co-development Partner · 25 September 2024Joint study agreement announced by Asyad Group (with Asyad Shipping) alongside OQ Alternative Energy and Sumitomo Corporation ME FZE to explore establishing Oman as a global leader in low-carbon fuels for bunkering. Includes Request for Information (RFI) to shipping companies and feasibility study for green methanol and ammonia infrastructure at Salalah and Duqm ports.
• OQ8strategicStrategic or Co-development Partner · 22 April 2024Asyad Shipping and OQ8 successfully completed first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery, showcasing Asyad's technical capabilities in complex maritime cargo operations.

Scale indicators16 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Frontline: One of the world's largest independent tanker companies, focused on VLCCs, Suezmax tankers, and LR2/Aframax product tankers. Highly comparable to Asyad's crude and product tanker segments with similar time-charter and spot exposure across the global tanker market.
• DHT Holdings: Pure-play VLCC operator with a modern fleet and predominantly spot exposure. Directly comparable to Asyad's crude tanker segment, with similar customer mix of oil majors and Chinese/Indian charterers.
• International Seaways: Diversified tanker owner-operator with VLCCs, Suezmax, Aframax/LR2, and MR product tankers. Closely comparable to Asyad's mixed tanker portfolio and long-term charter strategy, including a similar global oil major customer base.
• Euronav: Leading independent crude tanker operator focused on VLCCs and Suezmax vessels. Comparable to Asyad's crude segment on fleet composition, customer mix (Shell, Total, BP), and reliance on global spot and time-charter markets.
• Scorpio Tankers: Large product tanker owner-operator with MR and LR1/LR2 vessels serving refined petroleum trades. Directly comparable to Asyad's 37-vessel product tanker segment and chemical carrier exposure.
• Star Bulk Carriers: Global dry bulk shipowner with Newcastlemax, Capesize, Panamax, Supramax and Ultramax vessels. Highly comparable to Asyad's dry bulk segment including its Newcastlemax acquisitions and Vale iron ore contracts.
• Genco Shipping & Trading: Diversified dry bulk owner with Ultramax and Capesize vessels. Comparable to Asyad's dry bulk operations and long-term contracts with mining majors for iron ore and metallurgical cargoes.
• Flex LNG: Pure-play LNG carrier owner with modern, fuel-efficient vessels on long-term charters. Directly comparable to Asyad's LNG carrier segment including long-term contracts with Oman LNG and similar sovereign-offtake structures.
• BW LPG: World's largest LPG carrier owner-operator with VLGC fleet. Comparable to Asyad's LPG carrier segment within its gas shipping division.

Broad incumbents

• Hapag-Lloyd: Global container liner operator with much larger scale than Asyad Line. Comparable business model for Asyad's liner/Asyad Line container shipping segment, including route exposure to Asia-GCC-India trades.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ASYAD_Shipping
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asyad Shipping