Asyad Shipping invests US$209 million in dry bulk fleet

Asyad Shipping Company has announced that it has invested in purchasing three Newcastlemax Dry Bulk Carriers as part of the company's growth strategy.

Dr. Ibrahim al Nadhairi, CEO, said, 'With an increase in our dry bulk capacity, we are further strengthening our capabilities to deliver solutions for our customers while keeping pace with rising global demand. Growing our dry bulk segment is part of our growth strategy as per our business plan, and executing this deal means we can meet rising demand and increase our service offerings to our customers.'

The company signed the agreement on September 25, 2025, to purchase the three vessels for a total consideration of US$209 million. The vessels are expected to be delivered in the first quarter of 2026. The company will update the market when the vessels have been delivered

The acquired vessels will increase the company's fleet of dry bulk carriers, making it a major player in the region. This investment further strengthens the company's dry bulk segment, delivering on its fleet expansion plans, and supports Asyad Shipping's broader growth strategy and global presence.

Each vessel has a capacity of 208,000 deadweight tonnage and is equipped with an Exhaust Gas Cleaning System (EGCS) and a Ballast Water Treatment System (BWTS).
They feature an energy-efficient hull design with engines designed for thermal and mechanical applications.

Asyad Shipping also announced that a contract of affreightment (COA) has been signed with a global mining company for a period of 10 years. Asyad Shipping is entering this deal through its commercial subsidiary, Oman Charter Company L.L.C.

Al Nadhairi said, 'This agreement builds on and complements our successful, longstanding relationships and service offerings to our customers. As we execute our strategy of growth, we are strengthening our business to offer our customers competitive solutions to reach global markets efficiently.'

The agreement was signed on September 22, 2025, and will commence in the second quarter of 2026, providing revenue over the contracted 10-year period

Asyad Shipping's growth strategy includes expanding its dry bulk segment, and the company remains agile and opportunistic with its capital allocation to deliver value to its shareholders and stakeholders