Muscat: Asyad Transport has offered a 20 consistent with cent stake in every of its two new-build liquefied herbal gasoline carriers, ‘Muscat LNG’ and ‘Musandam LNG’, bringing two Omani establishments into the possession of the vessels.
In a disclosure to shareholders and marketplace contributors dated July 26, the corporate stated it had signed an settlement with Oman LNG Building Basis (ODF) and Mars Building and Funding LLC (Mars) following the sale.
Below the settlement, signed on July 26, ODF and Mars will every dangle a ten consistent with cent shareholding within the corporations that personal ‘Muscat LNG’ and ‘Musandam LNG’, whilst Asyad Transport will retain the rest 80 consistent with cent shareholding in every corporate.
“This partnership marks another important step in strengthening the national shipping industry and logistics sectors”, stated Dr Ibrahim al Nadhairi, Leader Govt Officer — Asyad Transport. “The participation of strong Omani funds as partners in ‘Muscat LNG’ and ‘Musandam LNG’ reflects the confidence placed in these projects and reinforces our commitment to delivering in-country value while supporting economic development”.
He added, “As the company transporting gas on behalf of Oman LNG, we look forward to building on this partnership and continuing to support Oman’s upstream gas industry”.
The transaction follows an previous announcement via Asyad Transport on Might 21, 2026, confirming supply of the 2 carriers, which can be on a constitution settlement to Oman LNG underneath a long-term contract.
Publicly traded Asyad Transport operates one of the crucial greatest globally different fleets, with roughly 90 vessels, and serves consumers in additional than 60 nations. The corporate serves blue-chip consumers via 5 industry segments: crude, dry bulk, gasoline, liner and merchandise.
