Muscat-listed Asyad Shipping has ordered six MR product tankers at HD Hyundai Heavy Industries in South Korea, adding another leg to its fleet expansion drive.
The Omani owner said in a stock exchange filing that the 49,999 dwt vessels would cost about OMR119m ($308m), with deliveries expected from 2029.
Asyad has also signed five-year time charter contracts for all six ships with what it described as a leading global energy company.
The deal marks a fresh push into product tankers for Asyad, which has been growing across several vessel classes since its Muscat Stock Exchange listing last year.
Chief executive officer Ibrahim Al-Nadhairi said the ships would feature advanced eco-design specifications and improved fuel efficiency.
He said the long-term charters supported the company’s approach to capital allocation and reflected its confidence in the longer-term product tanker market.
The order follows a string of recent dry bulk moves by the state-backed owner.
Splash reported in April that Asyad had entered the kamsarmax sector with the acquisition of two 2023-built 85,000 dwt bulkers for about $73m.
The company, which operates a diversified fleet of around 90 ships, followed that in May with the purchase of two 100,309 dwt baby capes for around $75.8m, both backed by three-year time charters to a leading international dry bulk operator.
