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OSC Acquires 2 Ultramax Ships

Maritime Activity Reports, Inc.

March 9, 2020

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”.

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