Wholly Omani government-owned Asyad Shipping – part of Asyad Group – opened its first international office in Singapore on Monday as part of its ambitious plans to expand its business portfolio into the Asian market.
“The new office will facilitate closer contact with shipping and logistics clients in China, Japan and South Korea with the benefit of working in the same time zone. It will also assist in developing its ship management and chartering activities whilst also enabling the expansion of its existing fleet with chartered-in vessels”, the company said in a statement.
In February this year, Asyad Shipping commissioned a new container line that connects Singapore and the wider Gulf region, and the first to directly connect the Sultanate of Oman with Singapore and Malaysia. It aims to reduce travel times and increase trade relations with East and Southeast Asian countries and provide Omani traders with a fast and cost-effective access to Singapore as an international distribution hub. It also offers competitive transhipment rates through the port of Suhar which already provides direct services to China, South Korea, Sri Lanka, India, Pakistan and the wider Gulf region.
Commenting on the expansion of Asyad Shipping to the Asian market, Dr Ibrahim al Nadhairi, CEO of Asyad Shipping & Asyad Drydock, said, “Establishing our presence in Asia will play a crucial role in driving future growth. We see plenty of expansion opportunities in this region and now is the right time to enter the market with greater force. Our Singapore office represents our commitment to bringing the very best of Asyad Shipping to our clients, Asian shipyards and other liner companies.”
Asyad Shipping operates a fleet of more than 70, including a mix of Very Large Crude Carriers (VLCCs), product and chemical tankers, LNG carriers, chemical carriers, LPG Tankers, Very Large Ore Carriers (VLOCs) and Dry Bulk carriers as well as various regional container line services.
“The placement of Asyad Shipping in Singapore will have a greater value-added service to its ship management and chartering activities. The move also facilitates the expansion of Asyad’s existing fleet through the chartering in of more vessels from anticipated increased interactions with major Asian clients,” the company added.
