Investors Relations

• The private sector is a key player in the logistics sector's digital transformation and sustainability
• Empowering the private sector is an essential step towards maximizing the capabilities of Asyad Group’s assets
• Deploying IoT-based sensors in Asyad’s ships will help monitor and improve the performance of Asyad shipping fleet
• Asyad Group fosters innovation as the driving force behind business growth and operational excellence
• Asyad Groups strives to create new prospects for national technology companies to tap into global markets

Committed to enhancing its business performance by integrating 4IR technologies and smart solutions across its operations, Asyad Group has penned a technology partnership agreement with Onsor Technologies, an Omani IT start-up to provide innovative solutions to Asyad Shipping`s fleet.

The Agreement is underpinned by Asyad Group’s strategy to engage the private sector in supporting research and innovation and leveraging new technologies to develop systems that meet the needs of the maritime sector.

Onsor Technologies will be looking into the current requirements of Asyad’s shipping fleet and working on enhancing its operations by developing IoT sensors to be installed in some of Asyad ships to wirelessly transmit engine performance data and readings to dedicated servers. Those devices that enable better and faster data processing and analysis using machine learning and artificial intelligence algorithms will help monitor and improve the performance of Asyad Group fleet.

On this occasion, Ghaith Al Darmaki, Asyad Group’s Chief Technology Officer said: " As we believe innovation is the driving force behind business growth and operational excellence, we have joined hands with Onsor to equip our fleet with advanced IoT-based sensors that will enable real-time data integration and processing. This will help reduce downtime and maintenance costs, promote growth and sustainability and improve operational efficiency.”

“This joint venture not only helps maximize the capabilities of Asyad Group’s maritime assets, but it also reaffirms Asyad’s Group’s continuous efforts to empower Omani SMEs and create new prospects for them to tap into global markets”, he concluded.

On his part, Eng. Maadh Al Hinai, Chief Executive Officer of Onsor Technologies stated: "We consider the technology partnership signed with Asyad Group a crucial step forward for Onsor towards expanding its innovative solutions by deploying 4IR technologies, particularly in the transport and logistics sectors”. He added that the collaboration is equally beneficial for Asyad Group’s production and operational efficiency as it will help reduce its fleet operational costs and enable smart monitoring of various indicators such as gas emissions.

The Agreement marks a new milestone in the digital transformation of Oman’s logistics industry, which is led by Asyad Group. It paves the road for widespread technology integration with other logistics industries. It furthermore translates Asyad’s strategy focused on expanding its contribution to the local business environment and engaging the private sector and start-ups to ensure operational sustainability and providing cutting-edge digital solutions aimed at consolidating Oman’s logistics ecosystem.

Asyad Shipping is a leading shipping service provider operating a well-diversified ocean-going shipping fleet of around 65 vessels with a total deadweight capacity of 9.7 million DWT, catering to the changing needs of its customers.

Its fleet includes VLCCs, metal tankers of various sizes, chemical and petroleum derivatives tankers, LNG carriers, bulk carriers, multi-purpose vessels and container ships.