MUSCAT - Asyad Shipping Company (ASCO) has reported measurable progress across its environmental, social and governance (ESG) metrics in 2025, underpinned by operational efficiency gains, sustained investment in decarbonisation, and a landmark public listing on the Muscat Stock Exchange (MSX).

The company disclosed that it has invested more than $64 million in decarbonisation initiatives since 2019, targeting improved fleet efficiency and emissions management. In 2025 alone, Scope 1 emissions declined by 3 per cent, while Scope 2 emissions dropped by 24 per cent, reflecting enhanced energy management in shore-based operations. Emissions intensity per employee improved by 26 per cent, signalling broader efficiency gains across the organisation.

Dr Ibrahim al Nadhairi, Chief Executive Officer of ASCO, said the company’s sustainability strategy remains central to its growth trajectory. “Sustainability continues to guide how we operate, invest and create long-term value for our stakeholders. 2025 marked an important milestone in our journey as Asyad Shipping Company (ASCO) successfully listed on the Muscat Stock Exchange (MSX), strengthening transparency, governance and investor confidence as a publicly listed company. Our environmental performance continued to improve during the year”, he said.

Operationally, ASCO continues to expand its fleet capacity, with new vessels under construction to support global trade routes. At the same time, environmental initiatives such as recycling programmes and waste management efforts are being scaled, with 20 per cent of vessels now participating in circular resource practices.

Dr Ibrahim al Nadhairi, Chief Executive Officer of ASCO.

On the social front, the company delivered 9,455 training hours in 2025, averaging nearly 39 hours per employee, alongside full compliance with mandatory safety training requirements. ASCO also invested approximately $230,000 in community and corporate social responsibility initiatives, reinforcing its commitment to workforce development and community engagement.

From a governance perspective, ASCO reported revenues of $895.2 million in 2025 and generated $74.6 million in in-country value (ICV), supporting Oman’s economic diversification goals. Notably, the company recorded zero corruption and zero material cybersecurity incidents during the year, underscoring robust internal controls and risk management systems.

Khalil al Hooti, Vice President of Sustainability, highlighted the company’s integrated approach to ESG. “We continued to advance our sustainability management practices by strengthening emissions monitoring across the fleet and aligning our operational performance with evolving international maritime regulations. This includes closer monitoring of efficiency indicators and continued efforts to optimise vessel operations while maintaining compliance with emerging regulatory frameworks shaping the future of shipping”, he said.

ASCO has expanded cybersecurity coverage across 22 vessels, strengthening digital resilience as part of its broader operational strategy. It is also advancing a comprehensive sustainability roadmap aligned with international maritime decarbonisation targets and Oman Vision 2040. The company aims to further optimise fleet performance, enhance environmental stewardship and reinforce its position as a responsible global shipping operator.

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