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Oman Shipping Company (OSC) is anticipating an increasingly strong performance in domestic markets following long-term deals with local refineries and traders. These agreements include a 20-year contract to transport condensate for Oman Oil Refineries and Petroleum Industries Company (ORPIC) and a 15-year deal transporting methanol for Oman Trading International (OTI) from the Salalah Methanol plant.
To fulfill part of the long-term contract with ORPIC, OSC has deployed two chemical carriers to operate along the coast of Oman. One is a condensate carrier that loads on average 10,000 m3 of condensate per voyage from Qalhat in Sur and then discharges the product for use in refineries including Mina Al Fahal in Muscat and Sohar. The second carrier is busy transporting refined products from Sohar and discharging in Salalah.
Within the domestic product tanker sector, OSC is also responsible for the transportation of around 500,000 tonnes of methanol a year for Salalah Methanol Company. The contract involves the long-term charter of two dedicated methanol tankers.
“It is our long and medium-term contracts with the likes of ORPIC, OTI and Shell which provide us with steady cash flow to invest and expand our fleet further, and we believe OSC is very well placed to capitalise on growth opportunities which lie ahead in both domestic and international sector,” says OSC’s General Manager, Commercial, Tankers & Gas, Debasish Mohapatra.
Meanwhile, OSC is also transporting LPG exports from Sohar Refinery to neighbouring countries through two small, dedicated, and pressurised LPG carriers. This involves the transportation of 3,850 tonnes per vessel on average to markets in the Middle East, as well as Yemen, Sudan, India, Bangladesh and Sri Lanka.
