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OSC to acquire four Ultramax dry bulk vessels

Oman Shipping Company (OSC), a member of the Asyad Group, yesterday held a naming ceremony for the latest addition to the company’s Dry Bulk fleet, the Jabal Shams. The ceremony marks the official handover of the vessel from Zhoushan Changhong Shipyard in China to OSC.
The new ship will join OSC’s fleet of over 50 world-class vessels including LNG Carriers, LPG Carriers, VLCCs, Tankers, VLOCs, Dry Cargo, and Container ships.
Yesterday’s ceremony follows the naming of the Jabal Shams’ sister ship, the 63,500 DWT Jabal Almisht in Zhoushan in August. The two new ships, which are part of a series of four Ultramax Dry Cargo vessels due to be delivered to OSC in 2019, will increase the company’s offering in the Dry Bulk market in response to growing customer demand.
Signing the agreement formally transferring control of the 63,500 DWT Jabal Shams over from Zhoushan Changhong Shipyard to OSC, Michael Jorgensen, Acting Chief Executive Officer stated: “I am delighted to represent OSC on this auspicious occasion. The delivery of the Jabal Shams and Jabal Almisht is part of OSC Dry Cargo expansion programme that will enhance our position in the segment as a key shipping provider for GCC and global markets. Both vessels will be operating under long-term cargo contracts.”
The Jabal Shams was inaugurated by Said bin Mohammed al Masoudi, Chief Executive Officer of Sohar Aluminium — a strategic partner for Oman Shipping Company in the international dry bulk market.
Asyad’s OSC is an integral part of Oman’s drive to become a top-ten global logistics hub, and is supporting the integration of all supply chain activities in the Sultanate — providing customers with rapid and unrivalled distribution capabilities across the Middle East, as well as acting as the region’s gateway to global markets. OSC is a full-scale shipping company handling ship owning, technical management and commercial cargo operation.

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OSC to acquire four Ultramax dry bulk vessels

10/09/2019

Nikhilmurali

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