Seas Maritime Growth Surges

Asyad Shipping Company’s net profits increased by 107% during the first nine months of 2026, reaching 67.7 million Omani riyals, compared to 32.6 million riyals in the same period of 2025. This growth is attributed to rising maritime shipping rates and leasing prices across its five sectors, as well as the acquisition and commissioning of new ships. The company owns a fleet of over 90 vessels and plans to build an additional 16 ships, including 3 scheduled for delivery by the end of 2026, with the remaining ships scheduled for delivery between 2028 and 2030. The company relies on an expansion strategy involving investments in new ships and diversifying its portfolio, with a focus on modern technologies and high efficiency, offering services to global clients through lease contracts and spot market agreements.