Overview

ASC is a leader in deep-sea transportation, offering reliable and competitive shipping solutions through our 89 owned, co-owned and leased vessels. We offer specialized integrated logistics solutions across oil and gas, LNG, dry bulk and container shipping segments to our highly diverse, blue-chip client base. At ASC, we want to continue on our path of responsible and profitable growth, driving sustainable development and environmental stewardship.

The Company’s revenue grew at a CAGR of 22% from 2021 to 2023, while its Adj. EBITDA achieved a CAGR of 32% during the same period, highlighting ASC’s strong financial momentum. The Company achieved revenue of $944.7 million in 2023 and $713.9 million for the first nine months of 2024. In addition to its revenue, ASC reported Time Charter Equivalent (TCE) Revenue (calculated as revenue less voyage operating costs) growing at a CAGR of 25% from 2021 to 2023. The Company reported TCE Revenue of $732.5 million in 2023 and $613.3 million for the first nine months of 2024. This strong financial performance is further supported by robust Adj. EBITDA margins of 65.2% in 2023 and 69.0% for the first nine months of 2024, reflecting ASC’s efficient cost management and high utilization rates across its fleet.

Asyad Shipping one of the world’s largest diversified maritime providers and a global leader in deep-sea transportation xxxxx (value/ vision/ return on investment… etc..)

On 22 January 2025, the company announced its intention to float on the Muscat Stock Exchange (MSX). Asyad Shipping was officially listed on the MSX on 12 March 2025.