Two of the best-known names in the Middle East tanker shipping business have decided to move on from their leadership roles. It has been confirmed that Tarik Al Junaidi is to leave the Muscat-based ship owner and operator, Oman Shipping Company, after 14 years with the firm, 6 of which he served as Chief Executive. During his tenure, OSC has expanded the size of its owned fleet from 2 to 50 vessels and the company’s financial performance and productivity has significantly improved. The Board of Directors issued a statement in which they praised his achievements and wished him success and prosperity in his future career.
OSC’s Chief Financial Officer, Michael Jorgensen, will be the acting Chief Executive until further notice.
The announcement of Tarik Al Junaidi’s departure comes a few weeks after Khamis Juma Buamim, Group Chief Executive and Managing Director of Gulf Navigation, confirmed that he had resigned with effect from January 1st. No reason for the decision was given, but it follows a change in shareholders in the Dubai based shipping company. Another Board member, Mohammed Zia’s Al Hawari, has also since announced his decision to resign. In the interim, President, Maritime and Operations, Omar Abu Omar, is assuming the main executive leadership role at the company.