Oman Shipping Company (OSC), part of the Asyad group, is expanding the size of its tanker fleet through the purchase of three new 336m long VLCCs from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). Once operational, OSC predicts that the three newbuildings will increase company revenues by around 10 per cent. Long term contracts with international oil majors are already in place for all ships, it adds. Able to hold 300,000 tons of cargo, all of the new ships will also be designed to meet future environmental requirements, including IMO 2020 standards.
Asyad Group CEO, Abdulrahman Al Hatmi, formally signed the contract with DSME. He commented that OSC’s fleet renewal programme, as evidenced by this order, “reflects the company’s commitment to high-quality services, enhanced global connectivity and industry-leading competitiveness.”
OSC has a fleet of around 50 vessels at present including LNG and LPG carriers, VLCCs, chemical and product tankers, VLOCs and containerships. The company also has a number of subsidiaries including Oman Ship Management Company, Oman Charter Company and Oman Container Lines (OCL).