Brief: Asyad Shipping Orders Six MR Product Tankers Supported By Five-Year Time Charter Contracts

HD Hyundai Heavy Industries

09/07/2026 05:03

July 9 (Reuters) - Asyad shipping company SAOG ASCO.OM:
ASYAD SHIPPING COMPANY SAOG - ORDERS SIX MR PRODUCT TANKERS SUPPORTED BY FIVE-YEAR TIME CHARTER CONTRACTS
ASYAD SHIPPING - TOTAL CONSIDERATION OF APPROXIMATELY 119 MILLION (US$ 308 MILLION)
ASYAD SHIPPING - ALSO SIGNED CORRESPONDING FIVE-YEAR TIME-CHARTER CONTRACTS WITH GLOBAL ENERGY CO FOR ALL SIX VESSELS
ASYAD SHIPPING - PER CONTRACT VESSELS ARE EXPECTED TO BE DELIVERED FROM 2029
ASYAD SHIPPING COMPANY SAOG - VESSELS EXPECTED TO BE DELIVERED FROM 2029
ASYAD SHIPPING COMPANY SAOG - EACH VESSEL TO HAVE ABOUT 49,999 DWT WITH ADVANCED FUEL-EFFICIENT TECHNOLOGIES
Source text: ID:nMSM114558
Further company coverage: ASCO.OM

 ((Reuters.Briefs@thomsonreuters.com;))