China Helps Oman Build Four Tankers

19 August 2010 (Last Updated August 19th, 2010 18:30)

The government of Oman has signed an agreement with the Export-Import Bank of China to fund the construction of four giant carriers for Oman Shipping Company (OSC). Under the agreement, the bank will help OSC build the tankers, according to globalarabnetwork.com. The vessels,

The government of Oman has signed an agreement with the Export-Import Bank of China to fund the construction of four giant carriers for Oman Shipping Company (OSC).

Under the agreement, the bank will help OSC build the tankers, according to globalarabnetwork.com.

The vessels, being built by Jiangsu Rongsheng Heavy Industries Group, will be used to carry iron ore pellets from Brazil to the Sohar Industrial Estate in Wilayat, Sohar.

The first two tankers are expected to be delivered by the end of 2011 and the other two in 2012.