Asyad Group, Oman’s state-owned logistics conglomerate, is set to significantly expand its maritime operations. The company plans to acquire 30 new vessels to add to its diverse fleet managed by its subsidiary, Asyad Shipping. Currently, Asyad Shipping operates a mix of 22 crude tankers, 34 product tankers, 10 gas carriers, 23 dry bulk carriers, and five container ships. This fleet primarily serves regions within the Gulf, South Asia, and Southeast Asia. The upcoming expansion prospects will allow the company to extend its service reach to Japan, South Korea, and Europe. Asyad Shipping is strategically positioned to capitalize on Oman’s rising LNG and green hydrogen production. With existing LNG capacities mostly engaged through long-term agreements, the fleet's growth aims to accommodate the surge in energy production. Financing for the $2.7 billion expansion will involve medium-term loans from both local and international banks. Part of the expansion plan includes offering 20% of Asyad Shipping shares on the Muscat Securities Market, aiming to raise $1 billion. This IPO aligns with a larger program for the Asyad Group. The company plans to distribute $150 million in dividends this year as it maintains its dominant position as the fourth largest logistics entity in the Middle East North Africa region according to Forbes. The addition of new vessels and expansion into new markets highlight Asyad's commitment to leveraging its economies of scale. Its partnerships with international port operators, such as APM Terminals and Hutchinson, further consolidate its influence in maritime logistics, making the most of Oman’s strategic location along key shipping routes.