Asyad Shipping Partners With Omani Investors on LNG Carriers

Asyad Shipping has sold a significant stake in its two new-build liquefied natural gas (LNG) carriers, Muscat LNG and Musandam LNG. The Omani investment partners, Oman LNG Development Foundation and Mars Development and Investment, will each acquire a 10% interest in the companies that own the vessels.

The deal follows the delivery of the two ships on May 21. Both vessels are currently employed under long-term charter agreements with Oman LNG.

Asyad Shipping's CEO, Dr Ibrahim Al-Nadhairi, expressed confidence in the partnership, stating that it 'reflects the confidence placed in these projects and reinforces our commitment to delivering in-country value while supporting economic development.'