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Asyad Shipping expands tanker order with Hyundai
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Asyad Shipping expands tanker order with Hyundai
Asyad Shipping, a subsidiary of Oman’s state-backed Asyad Group, has awarded a contract to South Korean shipbuilder Hyundai Heavy Industries to build two medium-range tankers. The contract is valued at OMR40 million ($104 million) and will be funded through a mix of existing cash and debt financing, Asyad Shipping said in a statement to the Muscat Stock Exchange. Each vessel will have a capacity of 49,999 deadweight tonnes and will feature fuel-…
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