Asyad Shipping Company (ASCO) , listed on the Muscat Stock Exchange, revealed 3 decisions as part of the most prominent features of its operational plan during 2026 .
The company’s CEO, Dr. Ibrahim bin Bakheet Al-Nadhiri, explained in its statement to the stock exchange that 10 new ships are scheduled to be delivered during 2026, including two new liquefied natural gas carriers, four new giant crude oil tankers, two new medium-range oil product carriers, and two used dry bulk carriers, in accordance with the approved fleet expansion plan .
Al-Nadhiri pointed out that the company intends to operate 5 out of 10 ships under long-term contracts, as part of a strategy aimed at achieving a balance between enhancing the clarity and stability of cash flows through long-term contracts, and taking advantage of spot market opportunities when market conditions improve .
Al-Nadhiri added that ships linked to long-term lease contracts that will expire during the coming period, along with new ships that will arrive without long-term contracts, will be operated in the spot market, allowing greater flexibility in taking advantage of market movements and maximizing operational returns .
The company confirmed that these trends are part of its strategy aimed at enhancing fleet efficiency, diversifying operating models, and supporting the sustainable growth of maritime transport businesses .
The company achieved a growth in net annual profit attributable to shareholders for 2025 , of 76.8 percent, reaching 96.662 million riyals ($250.62 million), compared to about 54.673 million riyals ($141.75 million) in 2024 .
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