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Asyad Shipping Company awards $104 million contract to Hyundai Heavy Industries for two new tankers.

Sep 12, 2026•about 2 hours ago

Contract Type

contract

TransportationSupply Chain ManagementLogistics

Description

Asyad Shipping Company has awarded Hyundai Heavy Industries contracts to construct two medium range product tankers valued at $104 million. The new vessels are part of Asyad's fleet expansion strategy and are scheduled for delivery in 2029.

Company Information

Company

Asyad Shipping Company S.A.O.G

About

Asyad Shipping Company S.A.O.G is a leading shipping company involved in improving maritime transport solutions. The company operates a fleet of modern and efficient vessels. It plays a significant role in the logistics and supply chain sectors, providing various shipping services. With a commitment to sustainability, Asyad Shipping focuses on reducing environmental impacts in its operations.

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