Weight of Freight: Talking Tankers with Asyad’s CEO

Asyad Shipping’s latest fleet renewal underscores a strategic push toward younger, more efficient tankers. In 2024 the company secured three new‑build VLCCs from Hanwha Ocean, bringing its total to 95 vessels across crude, product and gas segments. These ships are dual‑fuel ready, allowing a seamless shift to lower‑carbon fuels while meeting IMO emission standards. Advanced technologies such as rotor sails, optimized propellers and high‑performance hull paint contribute to fuel savings of up to ten percent, reinforcing Asyad’s competitive edge in a tightening regulatory environment.

Beyond vessel upgrades, Asyad is deliberately diversifying its market exposure. The fleet now balances crude oil VLCCs with product tankers, clean product carriers and newly added LNG vessels, reflecting growing regional refining capacity and shifting trade patterns. Chartering strategy follows a 60/40 split—60% of tonnage under long‑term contracts and 40% available for spot market opportunities—providing both revenue stability and flexibility to capture market upswings. This mixed approach mitigates cyclicality, especially as geopolitical events and supply‑chain disruptions continue to reshape routing and freight rates.

Resilience remains central to Asyad’s outlook. The company emphasizes digitalization, internal commercial and technical operations, and disciplined financial governance to navigate volatile cycles and geopolitical shocks, such as recent developments in Venezuela. By maintaining a young, technologically equipped fleet and a diversified charter portfolio, Asyad positions itself to adapt quickly to regulatory changes, fuel‑transition pathways, and evolving demand across crude, clean and LNG markets, ensuring sustained value creation for stakeholders.