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Hyundai wins deal to build two LNG vessels for Omani company

Asyad Shipping, a subsidiary of Oman’s Asyad Group, signed an agreement with Hyundai Samho Heavy Industries to build two modern LNG carriers dedicated to meeting the growing demand of the group’s customers for energy logistics services in anticipation of an uptick in the global demand for gas transportation.

The fifth-generation vessels will be built at the Samho Shipyard in the Republic of Korea, and will be delivered in 2026.

With the two new tankers, Asyad Shipping’s ocean going fleet will total 70 vessels catering to different cargoes.

Dr Ibrahim bin Bakhit al Nadhiri, CEO of Asyad Shipping, noted that strengthening the company’s fleet with the latest international models is a new step in achieving the expansion plans of the Asyad Group, and enhancing its competitiveness by providing reliable solutions to its growing customers locally and internationally.