Oman Shipping Company (OSC) has placed an order at South Korean yard DSME for the construction of three VLCCs as part of the company’s fleet renewal plan.
The company said it has already secured long term charters with oil majors for the three newbuildings, which will meet future environmental requirements, and predicted that the vessels would increase oil shipping revenues by 10%.
“Oman Shipping Company’s capabilities and customer offering are growing from strength to strength in response to increasing demand. OSC’s fleet renewal programme reflects the company’s commitment to high-quality services, enhanced global connectivity and industry-leading competitiveness,” said Abdulrahman Al Hatmi, CEO of ASYAD Group, the parent of OSC.
Oman Shipping currently operates a fleet of 50 vessels made up of tankers, LPG carriers, LNG carriers and bulkers.