Oman-based Asyad Shipping Company S.A.O.G and Japan’s MOL have sold their jointly-owned 2001-built liquid natural gas carrier, Sohar LNG.
Announcing the sale, Asyad Shipping Company said in a filing to the Muscat Stock Exchange that the net proceeds from the sale, of approximately US$23m were received upon delivery to the new owner on June 9, 2026.
‘Sohar LNG’ has been part of the company’s fleet since 2003, co-owned (50%) with Mitsui O.S.K. Lines, Ltd as a joint venture (JV).
The sale is expected to generate an aggregate gain of around US$2.1m for the joint venture.
The Muscat-listed shipowner said the company recognizes its 50% share of the gain approximately US$1.1m, subject to final closing adjustments and accounting treatment.
As part of its fleet renewal strategy, Asyad Shipping has continued to explore opportunities to divest older tonnage as planned.
The company highlighted that it remains committed to a disciplined fleet renewal strategy, with proceeds from planned divestments to be utilized to support its ongoing expansion plan.
With around 90 vessels, the company serves its blue-chip customers through its five business segments: crude, dry bulk, gas, liner and products.
