Asyad Shipping and Japanese shipping major Mitsui O.S.K. Lines (MOL) have agreed to sell their jointly owned LR2 product tanker Haima for OMR24.3 million ($63.2 million), as the Omani shipowner accelerates its fleet renewal programme through the disposal of older vessels.
The Muscat-listed company disclosed that the 110,077 dwt tanker, built in 2009, is owned through a 50:50 joint venture between Asyad Shipping and MOL. The vessel has been part of the fleet since its construction.
The transaction is expected to generate a gain of approximately OMR19 million ($49.4 million) at the joint venture level, of which Asyad Shipping’s share is estimated at OMR9.5 million ($24.7 million), subject to final closing adjustments and accounting treatment.
The buyer has not been disclosed, and the transaction is expected to be completed during the second half of November 2026.
The latest sale follows Asyad’s agreement in September to dispose of three older tankers for a combined OMR68.44 million ($178 million). The transaction involved the 2011-built very large crude carriers (VLCCs) Seeb and Samail, along with the 2008-built MR product tanker Al Amerat.
Asyad Shipping has been pursuing a strategy of recycling capital from ageing vessels into a major fleet expansion programme. Recent investments include eight medium-range (MR) product tanker newbuildings ordered from HD Hyundai, all supported by five-year charter arrangements, as well as additional VLCC acquisitions from Hanwha Ocean.
The company has indicated that it will continue to evaluate opportunities to dispose of older vessels as part of its broader fleet renewal strategy, while investing in modern tonnage to strengthen its presence in global shipping markets.