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Asyad Shipping foresees $2.7bln in investments

Asyad Shipping, the ocean-going maritime transportation arm of Oman’s integrate logistics business Asyad Group, envisions investments totalling between $2.3 billion and $2.7 billion in the development and expansion of its shipping fleet over the medium term. Muscat-headquartered Asyad Shipping, which recently announced its intention to float 20 per cent of its issued share capital for …