Asyad lines up $308m MR tanker newbuilds

Muscat-listed Asyad Shipping has ordered six MR product tankers at HD Hyundai Heavy Industries in South Korea, adding another leg to its fleet expansion drive. The Omani owner said in a stock exchange filing that the 49,999 dwt vessels would cost about OMR119m ($308m), with deliveries expected from 2029. Asyad has also signed five-year time … Read full article →