Oman’s Asyad Shipping has reached an agreement with Japanese shipping giant Mitsui O.S.K. Lines (MOL) to sell an LR2 product tanker—jointly owned by the two companies—to an unnamed buyer. The vessel is expected to be delivered to its new owner in late November 2026.
Specifically, Asyad Shipping and MOL have agreed to sell the 2009-built LR2 product tanker Haima, which is held by a 50:50 joint venture between the two parties. The transaction is valued at approximately $63.2 million, and is expected to generate proceeds of about $49.4 million for the joint venture.
Public records indicate that the vessel “Haima” has an overall length of 245 meters, a beam of 42 meters, and a deadweight tonnage of 110,077 tonnes. Built by a Japanese shipyard and delivered in March 2009, the vessel is now over 17 years old. It has been part of the Asyad Shipping fleet since its delivery.
The sale of the “Haima” marks the latest move by Asyad Shipping to monetize assets from its aging fleet. In September, the shipowner sold three older tankers for approximately $178 million: the “Seeb” and “Samail”—both Very Large Crude Carriers (VLCCs) built in 2011—and the “Al Amerat,” an MR product tanker built in 2008.
It is understood that Asyad Shipping is channeling proceeds from the sale of older vessels into an ambitious fleet expansion program. The shipowner has recently placed orders with HD Hyundai Heavy Industries for eight 50,000 DWT MR product tankers—at a cost of approximately $51.8 million per vessel, totaling over $400 million—with all units scheduled for delivery by 2029. Additionally, the company has ordered three 300,000 DWT Very Large Crude Carriers (VLCCs) from Hanwha Ocean, with a total contract value of approximately $390 million and deliveries expected between 2028 and 2029.
Asyad Shipping stated that it will continue to evaluate the sale of older vessels as part of its ongoing fleet renewal strategy.