South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) wins contract to build three VLCCs for Oman Shipping Company. Credit: ASYAD.

Oman Shipping Company (OSC) has signed a deal with Daewoo Shipbuilding & Marine Engineering (DSME) to build three very large crude carriers (VLCCs).

A shipping arm of the ASYAD Group, OSC said that the investment in building three new VLCCs formed part of its fleet renewal strategy.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

OSC has already secured long-term charter contracts with major international oil companies for the vessels.

The new fleet will provide OSC customers with high-quality vessels, which boast economical and technological advances.

OSC has forecast a 10% rise in its oil shipping revenues once the vessels are operational.

ASYAD Group CEO Abdulrahman Al Hatmi said: “Oman Shipping Company’s capabilities and customer offerings are growing from strength to strength in response to increasing demand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“OSC’s fleet renewal programme reflects the company’s commitment to high-quality services, enhanced global connectivity and industry-leading competitiveness.”

All three containers will be 336m in length and 60m in width. Units will be capable of carrying 300,000t of cargo.

The newbuilds will comply with future environmental requirements, including the International Maritime Organization’s regulations for 2020, while benefiting from DSME’s efficient design for new ships.

OSC has a fleet of 50 vessels such as LNG carriers, LPG carriers, VLCCs, tankers, VLOCs and container ships. It offers shipping solutions for the oil, gas, dry bulk and general cargo sectors.

The company undertakes various shipping-related activities through Oman Ship Management Company SAOC, Oman Charter Company SAOC and Oman Container Lines, which are all subsidiaries of OSC.