Oman Shipping Company (OSC) is expecting to take delivery of five new vessels by 2014, increasing its fleet size to 46.

The new vessels, which are currently under design and construction at South Korean and Chinese shipyards, include three very large ore carriers (VLOCs) for Vale, one very large crude carrier (VLCC) and one LNG carrier.

Oman Shipping deputy chief executive officer Tarik Mohamed Al Junaidi told the Times of Oman that the company has already received one VLOC, which has been chartered to Vale, with three more still to come.

"We are expecting another one by the end of this month and the remaining two by November and December, respectively," Al Junaidi said.

Each of the VLOCs will have a capacity of 400,000t and all four vessels will be charted to Vale under a 20-year agreement to carry ore from Brazil to Oman for the Sohar pelletising project.

OSC expects to take delivery of the VLCC in October 2012, while the LNG vessel, which was converted from a VLCC, is scheduled to be delivered in August 2014.

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By GlobalData

South Korea’s Hyundai Heavy Industries (HHI) is responsible for the construction of the VLCC and the conversion of the LNG vessel, while China’s Jiangsu Rongsheng Heavy Industries are building all the VLOCs.

The first VLOC, ‘Vale Liwa’, delivered in August 2012, has a length of 360m, breadth of 65m and depth of 30.4m.

The main engine of Vale Liwa, built by China Rongsheng, reportedly represents the largest power output built by marine engine manufacturers.

Oman Shipping has a range of vessels in its fleet, including VLCCs, LNG carriers, product tankers, multi-purpose vessels, bulk carriers and container ships.