Maritime tycoons earn 38m riyals in six months
Aseed Marine Transport Company has achieved notable growth in its profits during the first half of 2026, with net profits increasing by 92% to reach 38.9 million Omani rials, surpassing the profits of the same period last year. This success is attributed to increased exposure to the spot market, rising long-term contract prices, decreased direct costs, and the sale of ships and equipment. The company also experienced an increase in demand for container transport between India and Oman, with its fleet of 79 ships operating at full capacity, generating high revenues from the transportation of oil, products, and dry goods. There are expectations of profitable growth in the second half of 2026.
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