Asyad Becomes New Operator of Muscat Port

Asyad Group has taken over the management and operation of the Port Sultan Qaboos in Muscat, Oman, from Port Services Corporation (S.A.O.G.).

Marafi Asyad Company, a newly established subsidiary of Asyad, started operating the port on January 1, 2018, the company informed via social media.

The move follows a decision of the country’s Ministry of Transport and Communications (MOTC) to grant a license to state-owned Asyad to take charge of the facility.

In line with Asyad Global Vision, Marafi said it is looking to develop the port to become an international hub, forging global business relationships.

As explained by Marafi, employees of Port Services Corporation will retain their former positions in the new company, according to the plan submitted to MOTC.

On January 1, the new operator received the first ship, Andreas Petrakis, at the Port Sultan Qaboos. The Panamax bulk carrier is operated by Greece-based Iolcos Hellenic, VesselsValue’s data shows.

World Maritime News Staff

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