Oman Shipping to withdraw VLCC from Navig8 pool

Oman Shipping to withdraw VLCC from Navig8 pool

Navig8 Group has announced that Oman Shipping Company has decided to internalize the commercial management of their VLCC fleet which had been operating in VL8, one of 16 shipping pools managed by Navig8.

“We have enjoyed a mutually beneficial and close cooperation with Navig8 Group since we joined the VL8 pool as a founding member in 2010,” said Tarik Al Junaidi, chief executive officer of Oman Shipping Company. “Despite the many benefits we have received from our vessel participation in the VL8 pool, we have made the decision to internalize the commercial management of our VLCC fleet to meet our legitimate growth aspirations in every functional area under the OSC brand.”

OSC owns 33 tankers including 16 VLCCs, and 15 out of the 16 VLCCS have been placed in the VL8 shipping pool since 2010.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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