Sindbad Overseas

What Sindbad Overseas does

Sindbad Overseas, operating commercially as Sindbad Group, is an Oman-based, government-backed (Oman Investment Authority) diversified transport and logistics solutions provider founded in 2023. The company operates four business lines: long-term chartering of cargo vessels (bulk carriers and container ships) and fishing vessels registered under the Omani flag; automotive fleet sales and leasing targeting taxi operators, ride-hailing platforms, and VTC operators in West Africa; and long-term chartering of business jets and commercial aircraft to licensed operators. As of end-2025, the maritime portfolio comprised 50+ vessels valued at OMR 462 million (~USD 1.2 billion), and the automotive business had delivered 1,500+ vehicles cumulatively across Ivory Coast and Senegal.

Commercial operations commenced in June 2023 with an OMR 201 million maritime portfolio that grew at approximately 52% CAGR to OMR 462 million by end-2025, while consolidated Group assets reached RO 355 million as of March 2025 (up from RO 308 million in FY2024). Revenue is generated primarily through long-term charter agreements with flexible commercial terms and multi-currency structures. Automotive fleet operations are supported by in-house technology including GPS tracking installed on all vehicles and 24/7 fleet monitoring infrastructure, while maritime operations rely on proprietary digital modelling and asset-liability management tools developed in Oman. Customer segments include global shipping operators seeking Omani flag registration, African mobility and transport operators, licensed aviation operators, and commercial fishing fleets.

Sindbad's go-to-market is direct and enterprise-led, structuring bespoke long-term agreements rather than transactional sales, with regional offices in Abidjan (regional headquarters for Sindbad Automotive West Africa) and Dakar (Senegal operations launched October 2025). The company has secured strategic regulatory alignment, including a February 2025 MoU with the Ministry of Transport, Communications and Information Technology (MTCIT) to advance Oman Vision 2040 maritime objectives, and ongoing cooperation with the Directorate General of Maritime Affairs. Its wholly-owned subsidiary Sea Glider issued an oversubscribed OMR 73 million (~USD 190 million) debut bond on the Muscat Stock Exchange in September 2025 — the largest debut OMR-denominated bond by an Omani company — establishing a recurring capital-markets access channel to fund further fleet expansion.

Name

Sindbad Overseas

Legal name

Sindbad Overseas

Website

https://sindbad-overseas.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Sindbad Overseas (operating as Sindbad Group) is an Oman-based, Oman Investment Authority-backed diversified transport solutions provider offering long-term chartering of cargo vessels under the Omani flag, automotive fleet leasing in West Africa, aircraft chartering, and fishing fleet services to global shipping operators and African mobility providers.

Ownership category

akta.pro rank

Product category

Maritime Vessel Chartering

NAICS

Deep Sea Freight Transportation (483111), Nonscheduled Air Transportation (4812), Nonscheduled Chartered Freight Air Transportation (481212)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Arrangement Of Transportation Of Freight & Cargo (4731), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Leisure Passenger Shipping Charters (Ferry/Excursion Vessels) (THAEAGAH)

akta.pro secondary industries

Air Cargo Charter Specialists (On-Demand) (TLADAAAE), Air Freight Charter Operators (THABAEAD)

Keywords

• Vessel chartering services
• Maritime fleet operations
• Automotive fleet leasing
• Fishing fleet chartering
• Aircraft chartering services

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Maritime Vessel Chartering: Long-term chartering of cargo vessels (bulk carriers and container ships) under the Omani flag. Revenue is generated through charter agreements with flexible commercial terms and multi-currency structures. As of end-March 2025, the Group's portfolio comprised 45 vessels with estimated aggregate value of over RO 400 million.
2. Fishing Fleet Chartering: Long-term chartering of fishing vessels with specialised advisory services and comprehensive fleet surveillance, covering technical condition and compliance with maritime regulations.
3. Automotive Fleet Sales and Leasing: Vehicle acquisition and fleet services for transport and delivery operators across Africa. The company has delivered over 1,500 cars to date in Ivory Coast and Senegal, serving taxi, ride-hailing, and VTC sectors.
4. Aircraft Chartering: Long-term chartering of business jets and commercial aircraft to licensed operators, with flexible charter structures tailored to clients' operational and financial needs.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Sindbad Overseas provides long-term chartering of commercial cargo vessels (bulk carriers and container ships) registered under the Omani flag, alongside fishing vessel chartering, automotive fleet operations in West Africa, and business jet and commercial aircraft chartering to licensed operators. Each charter includes technical supervision, regulatory compliance oversight, and flexible multi-currency commercial terms tailored to operators' operational and financial needs.

Product overview

Sindbad Group operates as a diversified logistics and operational solutions provider with four core business lines: Cargo Vessels (long-term chartering of bulk carriers and container ships under Omani flag), Fishing Fleets (chartering and advisory services for fishing vessels), Automotive Fleets (vehicle fleet operations across West Africa including Ivory Coast and Senegal), and Aircraft (business jets and commercial aircraft chartering). The company was founded in Oman and has expanded internationally since commercial operations began in June 2023, achieving approximately 52% compound annual growth rate in maritime operations.

Differentiator

Problem solved

Functional benefit

Brands

• Sindbad Automotive: Automotive fleet operations providing professional fleet vehicles for taxi, ride-hailing, and VTC sectors in West Africa, with main office in Abidjan, Ivory Coast.

Products and services

• Cargo Vessels Chartering End-to-end vessel structuring and long-term chartering of commercial cargo vessels (bulk carriers and container ships) registered under the Omani flag, with technical and regulatory supervision. Targeted at international shipping companies and bulk carrier operators.
• Fishing Fleet Chartering Long-term chartering of fishing vessels with specialised advisory services and comprehensive fleet surveillance, covering technical condition and compliance with applicable maritime regulations. Targeted at commercial fishing operators and fishing communities.
• Automotive Fleet Services Vehicle acquisition and fleet services (sales and leasing) for transport and delivery operators across Africa, with established presence in Ivory Coast and Senegal. Includes GPS tracking, 24/7 fleet monitoring, and fleet protection solutions for taxi operators, ride-hailing platforms, VTC operators, and delivery fleet businesses.
• Aircraft Chartering Long-term chartering of business jets and commercial aircraft to licensed operators, with flexible charter structures tailored to clients' operational profile and financial requirements across multiple jurisdictions. Targeted at airlines and licensed aviation operators.

Quantifiable outcome

• 52% compound annual growth rate in maritime portfolio since June 2023
• +4 more outcomes

Named customers4 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

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Ministry of Transport, Communications and Information Technology (MTCIT)coreStrategic or Co-development Partner · 11 February 2025Strategic MoU signed to establish cooperation framework for Oman's maritime sector development in support of Oman Vision 2040. Both parties will explore investment opportunities in shipping and maritime industries, identify business prospects in regional and international markets. Cooperation covers marine leasing, shipping, investment, finance, insurance, and initiatives strengthening trade relations. The partnership also aims to support ship registration under the Omani flag and organise specialised trade missions.
• Directorate General of Maritime AffairscoreStrategic or Co-development PartnerEngaging with the Directorate General of Maritime Affairs to support framework development for Oman's maritime sector, contributing to continuous improvement of the maritime ecosystem.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Diana Shipping: Dry bulk shipping company chartering capesize, kamsarmax, panamax, and post-panamax vessels worldwide. Comparable to Sindbad's bulk carrier chartering model with similar customer base of global commodity traders and shipping operators.
• Euroseas: Shipping company operating containerships and dry bulk vessels on charter. Comparable diversified tonnage operator with similar vessel classes to Sindbad's mixed bulk/container portfolio.
• Safe Bulkers: International dry bulk shipping company with a fleet of ~40 vessels. Similar mid-sized dry bulk chartering operator serving global trade routes, comparable in scale and business model to Sindbad's bulk carrier portfolio.
• Global Ship Lease: Containership leasing company with a fleet of 60+ vessels on long-term charters to liner operators. Directly comparable to Sindbad's container ship chartering business in terms of customer base and charter structure.
• Eagle Bulk Shipping: Owner-operator of supramax/ultramax dry bulk vessels serving global shipping operators. Similar mid-tier dry bulk chartering model comparable to a portion of Sindbad's bulk carrier fleet.
• Genco Shipping & Trading: Dry bulk shipping company transporting commodities globally with a fleet of 40+ vessels. Comparable to Sindbad's bulk carrier chartering operations serving grains, minerals, and raw materials trade routes.
• Star Bulk Carriers: Global dry bulk shipping operator with a fleet of 100+ vessels. Sindbad's bulk carrier chartering business under Omani flag is directly comparable in terms of vessel class (capesize, panamax, supramax) and target customer base (global shipping operators).
• Costamare: Containership owner and operator with a fleet of 70+ vessels on long-term charters. Closest peer to Sindbad's container ship chartering business and similar fleet size (~50-70 vessels), serving global liner operators.
• Eurodry: Owner and operator of drybulk vessels including ultramax, supramax, kamsarmax, and panamax. Comparable mid-sized dry bulk chartering operator serving similar global trade routes.
• Atlas Corp (Seaspan): Major containership lessor with 200+ vessels, focused on long-term charters to liner operators. Broader peer in the container chartering space relevant to Sindbad's container ship business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Sindbad Overseas