Asyad Shipping sells LNG carrier

Oman's Asyad Shipping has sold a 2006-built steam liquefied natural gas (LNG) carrier, according to brokers.

The LNG carrier in question is the 147,384-cbm Moss-type, Ibri LNG, brokers said.

The price tag of the sale is said to be about $28 million.

Brokers said the buyer is a Chinese firm, without providing further details.

LNG Prime contacted Asyad Shipping to confirm the sale and provide further infomation, but we did not receive a reply by the time this article was published.

VesselsValue data shows that the vessel is on a 4-year charter to Gunvor’s Clearlake Shipping which started in May 2021.

The maritime arm of Asyad launched a series of roadshows on its upcoming initial public offering (IPO) across several governorates in Oman, including Muscat, North Al Batinah, Dhofar, Al Buraimi, and other key locations, it said in a statement on February 19.

According to its website, the company operates a diversified fleet of over 90 vessels with a total deadweight capacity (DWT) of 11.4 million tons.

The fleet includes five co-owned and one owned LNG carrier., including Ibri LNG, built between 2001 and 2015.

Asyad Shipping’s LNG ships support the transportation of LNG produced at Oman LNG’s Qalhat complex in Oman.

In December 2023, state-owned producer Oman LNG signed a long-term deal with Asyad Shipping to charter two LNG carriers.

Prior to that, Asyad Shipping ordered two 174,000 cbm LNG carriers at South Korea’s Hyundai Samho Heavy Industries in December 2022.

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