Oman Shipping Company (OSC) has taken delivery of DABA, one of the latest very large crude carrier (VLCC) ships from Hyundai Heavy Industries’ (HHI) shipyard in Ulsan, South Korea.

The VLCC has a length of 333m, beam of 60m, design draft of 21m and the capacity to handle 317,000dwt. DABA is the company’s third VLCC delivery of a five-strong order from HHI and is its 11th VLCC acquisition.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The vessel will be operated in the VL8 Pool, managed by NAVIG8, of which OSC is a shareholder and will be technically managed by International Tanker Management in Dubai. OSC is involved in shipowning, chartering and management activities via its subsidiaries Oman Charter Company, Oman Ship Management Company (OSMC) and Oman Container Line.

In 2008 the company signed a KRW725.4bn ($767.6m) order with HHI to build five supertankers. While signing the contract, the company said the order is part of its strategy to expand its vessel fleet.

Last year HHI delivered a 317,000 dwt VLCC to OSC that had a length of 333m, height of 60m and depth of 30.4m.

In July 2011, OSC took delivery of a VLCC from Japan-based Universal Shipbuilding that has a capacity of 300,000dwt. The company handles about 4.6Mdwt of cargo, which is expected to increase to around 8Mdwt by 2012.

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.

In 2011 the company reported a profit of $19.5m, with a turnover of $238m and total assets of $2.3bn.

Up until last year the company operated a fleet of 29 vessels comprising of ten VLCCs, one VLGC, seven LNGs, four chemical carriers, four product tankers, two multipurpose heavy lift vessels and one supramax bulk carrier.

OSMC is currently undertaking the technical management of 14 of its vessels including three VLCCs.

OSC, which is owned by the Government of Oman through the Ministry of Finance (80%) and Oman Oil Company (20%), started commercial operations in 2003. It currently has a fleet of 30 vessels and an order book of 11 vessels, which are scheduled to be delivered by 2013.