Asyad Shipping Company has taken delivery of Ain Al Sarooj, the first of two Kamsarmax dry bulk carriers it agreed to buy earlier this year, and the vessel has entered a one-year time charter with immediate revenue contribution. The company disclosed the delivery to the Muscat Stock Exchange.

Its sister vessel, Ain Al Thawarah, is expected to arrive by the end of November 2026. That ship already has employment lined up under a two-year time charter, the company said, meaning both additions to the fleet will enter service with contracted income from day one.

The deal dates to April 22, 2026, when Asyad Shipping signed an agreement to purchase the two second-hand vessels for a total consideration of approximately RO 28 million. Both were built in 2023 and each carries a capacity of 85,000 deadweight tonnes (DWT), placing them squarely in the Kamsarmax class that dominates mid-size bauxite and grain trades.

For the Omani owner, the purchase is a step change in scale rather than a marginal addition. Dr Ibrahim al Nadhairi, Chief Executive Officer of Asyad Shipping, said the two vessels would bring the company's dry bulk segment to 18 owned vessels with a combined carrying capacity of more than 3 million DWT.

"This owned fleet is further supplemented by vessels chartered in from the market," he said, pointing to the flexible cost structure that lets the operator scale tonnage up or down without locking capital into additional hulls.

The dry bulk fleet spans VLOC, Newcastlemax, Baby-Cape, Kamsarmax and Ultramax sizes. Al Nadhairi described it as one of the largest and most diverse in the region, saying the mix allows the company "to serve our customers and establish our global presence".

The breadth matters commercially. A fleet stretching from VLOCs down to Ultramaxes lets Asyad match cargo parcels to hull size across a wide range of charterers and routes, rather than relying on a single employment pattern. Back-to-back time charters on the two new Kamsarmaxes also insulate the company from spot-rate swings in the near term while the vessels amortize their purchase price.

Asyad Shipping has operated for more than 20 years. It runs a fleet of about 90 vessels across five segments — crude, dry bulk, gas, liner and products — and serves more than 60 countries, according to the company.

The delivery of Ain Al Thawarah by end-November 2026 will complete the RO 28 million acquisition and lift the owned dry bulk fleet to its full 18-vessel, 3-million-DWT configuration.