02JUL2019 - NEWS - OSC ORDERS THREE MORE VLCCS

Oman Shipping Company (OSC) has signed an agreement with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to build three Very Large Crude Carriers (VLCC) as part of its ongoing fleet renewal strategy. Once operational, OSC predicts that the three VLCC newbuilds will increase company oil shipping revenues by around 10 %. Long-term contracts with international oil majors are already in place for all of the new ships.

Each of the vessels will be 336 m in length and will be able to hold 300,000 tons of cargo. All will also be designed to meet future environmental requirements, including IMO 2020 standards.