Oman-based Asyad Shipping Company has agreed to sell two very large crude carriers and one medium range tanker, receiving advance deposits across both transactions as part of an ongoing fleet renewal and portfolio optimisation strategy.
The sale of the two VLCCs, Seeb and Samail, was finalised at a transaction price of OMR61.7 million ($160.2 million), with an initial payment collected on September 18.
Both crude carriers were built in 2011 and have operated in the fleet since delivery, while four newbuild VLCCs are scheduled to join by the end of 2026.
The company stated that it will continue operating Samail until October or November and Seeb until mid-January 2027 before delivering the vessels to their new owner.
Asyad Shipping expects the two-vessel transaction to generate an aggregate positive profit impact of approximately OMR29 million, recognised across reporting periods in 2026 and 2027.
In a separate transaction, the company concluded the sale of the 2008-built MR tanker Al Amerat for a total consideration of approximately OMR6.74 million.
An advance payment of 10 per cent was received on September 20, with the remaining balance expected by the company upon delivery at the end of September.
The disposal of the 18-year-old product tanker is expected by the company to yield an aggregate positive profit and loss impact of approximately OMR0.5 million.