Oman Shipping Company (OSC)

Oman Shipping Company (OSC) signed a sustainable transaction with Standard Chartered for 2019 built ultramax bulk carriers 63K DWT MV Jabal Shams and MV Jabal Al-Misht. Oman Shipping Company (OSC) is going to receive $35 million for refinancing the ultramax bulk carriers. Oman Shipping Company (OSC) signed the first sustainable shipping transaction in the Middle East. The refinancing deal is combined with the principal objectives in line with the UN’s objects. Oman Shipping Company’s (OSC) advancement on UN’s objects will define the credit margin. Previously, Oman Shipping Company (OSC) entered into a sharia-compliant credit with Abu Dhabi Islamic Bank (ADIB). Oman Shipping Company (OSC) is a part of ASYAD Group. Currently, Oman Shipping Company (OSC) has a diversified fleet of 50 vessels. 9-June-2020


In January 2019, Oman Shipping Company’s CEO Tarik Al Junaidi stepped down from his position after working 6 years. Tarik Al Junaidi has been working at Oman Shipping Company for 14 years. Tarik Al Junaidi led the progress of Oman Shipping Company’s performance, productivity, and growth. During Tarik Al Junaidi leadership, Oman Shipping Company’s fleet increased to 50 ships. 3-July-2019


Oman Shipping Company (OSC) revealed that the company intends to increase its fleet to 71 ships by 2023. In June 2019, Oman Shipping Company (OSC) ordered three (3) VLCCs at South Korean shipyard DSME. Previously, two (2) VLCCs were ordered at the same shipyard. Oman Shipping Company (OSC) has been intending to acquire 15 containerships. In addition, Oman Shipping Company (OSC) intends to acquire 8 dry bulk carriers. Oman Shipping Company (OSC) has been organizing to seize 30% of the local bulk carrier market. Oman Shipping Company (OSC) projects to increase carrying capacity to 13 million tonnes by 2023. Currently, Oman Shipping Company’s fleet comprises 16 VLCCs (Very Large Crude Carriers), 17 products, and 4 chemical tankers, LNG carriers. 27-June-2019