rss icon Subscribe
desktop mobile

OSC Acquires 2 Ultramax Ships

Image: ASYAD Group

Laxman Pai

Oman Shipping Company (OSC), a member of the ASYAD Group, has announced the acquisition of two modern Ultramax Dry Bulk vessels, SBI Taurus and TR Omaha.

The new ships due for delivery in April and May 2020 will join OSC's fleet of over 50 world-class vessels including LNG Carriers, LPG Carriers, VLCCs, Tankers, VLOCs, Dry Cargo, and Container ships. These ships will be renamed to (JABAL SAMHAN & JABAL AL KAWR) once joined to reflect the greatness of Omani Mountains and its rich minerals.

The announcement is in line with OSC's business plan and will add to the Company's Dry Cargo capacity meeting increasing customer demand and complementing the existing vessel portfolio to further contribute to the development of the local mining industry. This will also support OSC's reputation as a key shipping service provider regionally and internationally.

A statement from Oman Shipping Company said: "We are pleased to announce the significant acquisition of these two modern Ultramax vessels as part of our Dry Cargo expansion program. From our perspective this is an opportune time to acquire assets given current market conditions, and we're pleased with the outcome of our negotiations. We will explore opportunities for further acquisitions during the course of 2020."

"Oman Shipping Company continues to play an important role within ASYAD Group- providing its global customers with integrated market-leading logistics solutions. The company also works towards expanding international shipping lines to connect Omani ports with global markets".

Mar 9, 2020

 

Shipbuilding

US Shipyards Forge Ahead Through COVID-19

The 56-foot icebreaking tugboat being built by Blount Boats for N.Y. Power Authority (NYPA). (Photo: Blount Boats)

As the novel coronavirus and its impacts continue to spread across America, U.S. shipbuilders

Crabber Vessel M/V Zenith Delivered

(Photo: Skipsteknisk)

A new crabber vessel has been delivered to JSC Arcticservice and departed Tersan Shipyard in

Future USS Fort Lauderdale Launched at Ingalls

The future USS Fort Lauderdale (LPD 28) was successfully launched at the Huntington Ingalls Industries (HII) Ingalls Division shipyard in Pascagoula, Miss. on March 28. (Photo by Huntington Ingalls Industries/US Navy)

The future USS Fort Lauderdale (LPD 28) was launched at the Huntington Ingalls Industries (HII)

Bulk Carriers

TFG Marine Names New CEO

Trafigura's marine fuels joint venture TFG Marine said on Wednesday that Anders Gronborg had been appointed as its chief executive to oversee expansion efforts.

New CEO Takes Over at Pan Ocean

South Korean shipping company Pan Ocean announced that Joong Ho Ahn is newly appointed as a Chief Executive Officer with effect from the date of the Board of Directors Meeting on

Transnet to Cut Transport of Non-Essential Cargo During Lockdown

© OscarDiMalva /Adobe Stock

South Africa's logistics firm Transnet said it would reduce transport services and non-essential

Maritime Apps