Oman Shipping Company (OSC) has entered into a contract of affreightment (COA) agreement with Shell International Eastern Trading Company (Shell) for three years via its subsidiary Oman Charter Company (OCC).
The contract grants Shell access to the VLCCs operated by OCC for crude oil cargo transportation requirements and provides OCC with the cargo base it needs to support its commercial operations.
“We are pleased to associate ourselves once again with Shell,” said Tarik Al-Junaidi, ceo of Oman Shipping Company. “In addition to the 10 MR tankers that we have recently chartered to Shell, this COA demonstrates the ability of Oman Shipping Company and its subsidiaries to deliver top shipping solutions that meet the requirements of our esteemed clients.”
Mike Muller, a vice president at Shell, commented: “Shell’s unique trading capabilities allow us to support OCC in building their commercial operations, and our hope is that this will boost Oman’s position as a world player in the oil and gas industry.”