CEO Message
In 2024, Asyad Shipping continued to chart a course of strong growth and exceptional performance. We closed the year with a consolidated net profit of OMR 51.6 million, a clear testament to our operational efficiency. We also saw an 11% increase in container volumes through Asyad Line. This growth speaks to the success of our strategies - strategies that focused on improving freight rates and elevating the performance of our marine operations. To reinforce our global presence, we invested in four Very Large Crude Carriers, valued at a total of 518 million US dollars. Each vessel - worth 129.5 million - strengthens our standing as a key player in the international shipping arena. At the same time, strategic fleet management and agile redeployment in response to global demand helped drive a 20% increase in daily revenue from dry bulk shipping. In pursuit of sustainability and digital transformation, we invested in low- carbon maritime technologies that resulted in a 6% reduction in carbon emissions and a 5% improvement in fuel efficiency compared to the previous year. We also deepened our investment in people as a strategic priority. In 2024, we onboarded 122 Omani seafarers, including 30 marine engineers and navigation officers, reinforcing our commitment to building national expertise and shaping a world-class maritime workforce. Collectively, these achievements reflect Asyad Shipping’s commitment to positioning Oman as a global maritime powerhouse; leveraging strategic investments, operational excellence, and sustainable innovation, to anchor its influence across regional and global trade networks.
Dr. Ibrahim Al-Nadhairi Chief Executive Officer
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