Asyad orders two 85k dwt bulk carriers in USD 72.7 mn fleet renewal push

Asyad Shipping is still fresh: Oman’s state shipping firm Asyad has committed USD 72.7 mn to order two 85k dwt dry bulk vessels due for delivery in 4Q 2026 — building on a fleet renewal drive that saw new units delivered earlier this year.

Why this matters: The move is part of a broader expansion strategy that Asyad Group has already framed at USD 2.3-2.6 bn through 2029, with USD 914 mn in committed capex already underway. The company’s roadmap signals a bigger, younger, and more tightly controlled fleet by 2029, with growth focused on crude, dry bulk, and gas, alongside the phased disposal of older vessels across segments, according to the company’s IPO disclosure (pdf).

Zooming in — why drybulk, crude, and gas? Crude remains the company’s largest earnings driver at 33%, followed by dry bulk at 19% — supported by long-term contracts with metallurgical producers — while gas contributes 18%, with additional vessels already on order.

The network is expanding beyond the fleet: The firm recently acquired UK-based 4PL provider Ligentia, which expanded the group across several sectors, including automotive, manufacturing, and e-commerce.