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Asyad reshapes its LNG fleet profile-
Asyad Shipping trims aging LNG assets: Oman’s Asyad Shipping is set to sell four partially owned LNG carriers –– Ibra, Ibri, Nizwa, and Salalah –– under a USD 110 mn sale agreement signed on 23 December 2025, according to a disclosure (pdf) to the Muscat Stock Exchange (MSX). The vessels are scheduled for handover to an undisclosed buyer in 1Q 2026.
The play: This move reflects a deliberate fleet reset, as older LNG vessels face mounting regulatory pressure, weaker emissions performance, and declining commercial competitiveness. Asyad also confirmed that the agreement was struck below the aggregate net book value — resulting in an expected loss of USD 51 mn, according to a disclosure (pdf) to the MSX.
Sohar Port and Freezone to recycle zinc for export purposes
Sohar is getting a zinc recycling plant with an eye on export: Oman’s Sohar Port and Freezone inked a USD 50 mn investment agreement with Oman Zinc to establish a zinc ash recycling industrial facility on a 10-hectare plot. The plant will use steelmaking residues — zinc ash and Electric Arc Furnace dust — to produce up to 10k tons per year of refined zinc ingots and 50k tons per year of rubber-grade zinc oxide. The plant will import its inputs from Sohar Port, and its recycled zinc output will supply downstream industries in the GCC, Southeast Asia, Europe, and Africa.
SGTM and TGCC land USD 1.28 bn Casablanca airport contract-
Homegrown heavyweights take the W for Morocco airport: A 100% Moroccan consortium of SGTM and TGCC has officially secured the USD 1.28 bn expansion of Casablanca’s Mohammed V Airport — beating out global competition, Morocco World News reported on Thursday. The new terminal will increase capacity to 30 mn passengers across 600k sqm and is slated for completion by mid-2029.
Why it matters: Beyond the 30 mn passenger capacity, the terminal’s direct high-speed rail link to Rabat and Marrakech creates a seamless intermodal corridor that directly competes with established hubs in Southern Europe and the Gulf.
