State-run ASYAD Group has decided to merge Oman Shipping Company (OSC) and Oman Drydock Company (ODC).
“The integration further connects the Sultanate’s shipping services in a comprehensive marine offering which meets the Group’s aspirations of providing global markets with end-to-end logistics solutions,” the group stated in a release.
These actions follow similar steps executed previously by the group, such as the consolidation of Oman National Transport Company and the National Ferries Company (NFC) to standardise and unify public transport services. Additionally, ASYAD merged Duqm Development Company (DDC) into Oman Drydock Company (ODC).
OSC has a diverse fleet of 50 ships while ODC is one of the largest shipyards in the Middle East, initially founded with expertise from South Korea.
ASYAD is Oman’s state-backed integrated logistics provider in control of 16 entities and with an ambitious goal to make the country one of the world’s top 10 logistics hubs.