Hyundai Samho Heavy Industries to build and deliver two fifth-generation liquefied natural gas carriers in 2026
Asyad Shipping, part of Asyad Group Oman’s global integrated logistics service provider, has signed an agreement with South Korean shipyard Hyundai Samho Heavy Industries to build and deliver two LNG carriers in 2026.
The agreement is set to grow Asyad Group’s shipping fleet to 72 tankers, according to the company, which will meet "the anticipated increase in demand for LNG transport and energy logistics services in the global market".
"With EU Sustainable Finance Taxonomy labelling the use of LNG as ‘green’, Asyad Shipping’s choice of investment showcases Asyad Group’s commitment to sustainability at a time when global industries, including the maritime industry, is diverging from its dependence on traditional fossil fuels such as coal and oil," the company said.
Asyad Shipping and Asyad Drydock chief executive Ibrahim Al-Nadhairi said the company is pursuing "a more balanced and diversified fleet which is better suited to provide international customers with reliable and efficient solutions and enhances Asyad Group’s competitiveness and position as a strategic logistics partner for major global energy players".
“The fifth-generation 174,000-m3 LNG carriers meet the highest international standards of environmental and commercial sustainability, as well as boasting 58% less fuel consumption than the older, second-generation 138,000-m3 LNG carriers. Furthermore, Asyad Shipping’s investment comes at a time when green energy demands are growing, exacerbated by international geopolitical developments and the dire need for decarbonised logistics and energy sectors,” Mr Al-Nadhairi added.
Asyad also cited significant new production of LNG and export capacities coming on stream in 2025/2026 in its decision to build the two LNG carriers.
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