Asyad Group is continuing the integration of shipowner Oman Shipping Co (OSC) and Oman Drydock Co (ODC) with a new chief executive for both operations.
Ibrahim Al-Nadhairi has been promoted from his role as chief operating officer of OSC.
He was in charge of the ship management unit looking after the technical running of the fleet, as well as overseeing the company's assets operated by third-party managers.
Al-Nadhairi will now lead an organisation with more than 1,900 staff.
The qualified chief engineer has extensive experience in "engineered systems and process that require deep understanding of critical business drivers in multiple market and industries", Asyad said.
Al-Nadhairi said he is excited to pursue the group’s strategy to offer "integrated and highly efficient shipping services" to provide end-to-end logistics solutions.
Long-serving OSC chief executive Tarik Al Junaidi stepped down from his position in January 2019, after 14 years at the company. OSC and ODC chief financial officer Michael Jorgensen served as acting chief executive after that.
ODC chief executive Said bin Homoud Al Mawali then oversaw the shipowner until Al-Nadhairi took over on an interim basis at both OSC and ODC in August.
Sustainable financing
Earlier this year, OSC tapped Standard Chartered to seal Oman's first sustainable refinancing in a deal involving two bulkers.
The financier is providing $35m to cover OSC's Chinese-built ultramaxes, the 63,500-dwt Jabal Shams and Jabal Al-Misht (both built 2019).
The deal was also the London and Hong Kong-listed lender's first sustainable shipping transaction in the Middle East.
OSC's mixed fleet of 48 ships is made up of VLCCs, VLOCs and LNG and LPG vessels, as well as smaller tankers and bulkers. One VLCC is still on order at Daewoo Shipbuilding & Marine Engineering in South Korea for delivery in 2021.
Asyad Group brings together 16 government logistics companies and joint ventures under one entity. Its assets include three ports and five airports.
The group has been contacted for further information on its future strategy.
