Oman’s Asyad Shipping, a subsidiary of state-controlled logistics giant Asyad Group, has raised $333m through an initial public offering on the Muscat Stock Exchange. The IPO involved more than 1bn shares, of which 75% were allocated to institutional investors. The anchor investors, Mars...
https://splash247.com/asyad-shipping-raises-333m-in-oman-ipo/
The APM Terminals-operated Port of Salalah has completed an investment program valued at around US$ 300 million. The aim of this project has been to increase annual throughput capacity and ensure operational readiness to meet the requirements of the new Gemini consortium between Maersk and Hapag Lloyd, for which it will be one of the primary regional hubs.
The project has included upgrades to all six existing berths at Salalah container terminal and an expansion of the container yard areas,...
https://www.themaritimestandard.com/salalah-celebrates-major-expansion/
Oman’s Sohar Port and Freezone has started dredging operations for the Marsa LNG project, which will establish the Middle East’s first LNG bunkering hub. Led by Boskalis’ trailing suction hopper dredgers Coastway and Willem van Oranje, the project will remove approximately 4 million m3 of material to create a dedicated approach channel and berth pocket for the LNG plant.
Dredging operations are expected to be completed by September 2025 and are a key part of Sohar’s plans to become a regional...
https://www.themaritimestandard.com/sohar-starts-dredging-for-marsa-lng-project/
Liquid natural gas producers have been avoiding the Red Sea for much of 2024 amid continuous attacks by Houthi militants. This may now be changing as the first LNG carrier…
Oman is strategically advancing its maritime sector through significant investments and international cooperation, positioning itself as a burgeoning maritime hub in the region.
Select a CN Premium Subscription Package To Unlock The Content!
https://container-news.com/omans-recent-actions-suggest-major-developments-in-shipping-sector/
After more than six months at sea sanctioned LNG carrier La Perouse has entered the Omani port of Duqm. It is the first time that a Russian LNG carrier, part of the so-called ‘shadow-fleet’, has entered a foreign port.
Sohar Port and Freezone recently celebrated a generally positive 2024 performance during its annual business reception event. While overall cargo volumes dropped 2.6% compared to 2023, at 74.5 million tonnes, container throughput jumped 15% to 943,000 TEU, from 818,0000 TEU the year before; and ro-ro traffic surged 25% to 87,000 units, up from 70,000 units in 2023. The biggest growth, however, was achieved in the breakbulk segment, with Sohar handling 1.57 million tonnes, compared with 880,000...
https://www.themaritimestandard.com/sohar-celebrates-strong-2024-performance/
Oman’s state-controlled logistics giant Asyad Group has moved to sell shares in Asyad Shipping through an initial public offering. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners for the group, which plans to sell a stake of at least 20%...
https://splash247.com/asyad-shipping-charts-oman-ipo-course/
TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Golden Ocean Group has established a joint venture with Oman Oil Marketing Company (OOMCO). The TFG-OOMCO jv will supply bunkers to vessels visiting Oman’s ports of Duqm, Muscat and Sohar. The deal follows the...
https://splash247.com/tfg-marine-forms-bunkering-joint-venture-in-oman/
As part of its ongoing digitalisation programme Sohar Port and Freezone has implemented the Marasi port management information system. This fully web-based system, which is already operational in over 50 ports around the world, aims to optimise maritime operations, foster stakeholder collaboration and streamline data exchange, Sohar Port states.
Marasi features an intuitive, user-friendly interface that simplifies interactions between the port and its stakeholders, including marine and port...
https://www.themaritimestandard.com/marasi-port-management-system-introduced-by-sohar/