Asyad Shipping and MOL agree sale of LR2 tanker Haima

Asyad Shipping Company has announced an agreement to sell the LR2 tanker Haima through its 50:50 joint venture with Japan’s Mitsui O.S.K. Lines (MOL), as the Omani shipping group continues its fleet renewal programme.

The joint venture signed a memorandum of agreement on November 6, 2026, for the sale of the vessel at approximately OMR 24.3 million ($63.2 million). Built in 2009, Haima has been part of the company’s fleet since its construction and is expected to be delivered to its new owner during the second half of November.

The transaction is expected to generate a gain of approximately OMR 19 million ($49.4 million) for the joint venture, with Asyad Shipping’s 50% share estimated at OMR 9.5 million ($24.7 million). The final financial impact will depend on closing adjustments and the applicable accounting treatment.

The agreement forms part of Asyad Shipping’s strategy to gradually dispose of older vessels while maintaining a younger and more operationally efficient fleet. The company intends to use proceeds from planned vessel disposals to support its ongoing fleet expansion programme.

Asyad Shipping has continued to evaluate opportunities to divest ageing tonnage as part of its broader fleet management strategy, balancing vessel sales with investment in future capacity.

The sale of Haima has not yet been completed, with the transfer of ownership expected later in November. The company has not disclosed the identity of the buyer.