Asyad Shipping orders six product tankers with Korean shipbuilder

Asyad Shipping noted that the vessels will have a deadweight capacity of approximately 49,999 DWT, and will utilise designs geared toward fuel efficiency.

Chief Executive Officer Dr. Ibrahim Al-Nadhairi expressed "confidence in the long-term fundamentals of the product tanker market" following the announcement.

In May, the company took delivery of a brand-new VLCC built by Hanwha Ocean in South Korea. It expects to receive three more vessels of the same design later this year, with a further three scheduled for delivery between 2028 and 2029.