OSC launches its VLCCs commercial chartering desk
Oman Shipping Company (OSC), one of the biggest ship owners in the Middle East and North Africa (Mena) region, said it establishes a new commercial chartering desk offering its very large crude carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide.
OSC has a diversified fleet of 50 vessels, including 43 owned vessels and 33 tankers and 16 onwed VLCCs, including 15 vessels commercially managed through OSC' subsidiary Oman Charter Company (OCC).
The move follows an announcement in December 2016 which saw OSC withdrawing 15 VLCCs from the VL8 pool based in Singapore.
The VLCCs were being outsourced to be run commercially through the pool. After setting up its own crude oil chartering desk, OCC, OSC has taken over full commercial control of the VLCCs.
As part of this strategy, OCC signed a Contract of Affreightment with Shell International Eastern Trading Company, a Shell subsidiary, for a period of three years, which gives a substantial cargo base for the 15 VLCCs.
OSC provides marine transportation service in all segments like LNG, crude, clean products and chemicals. Its clients in these sectors include Shell, Itochu, Mitsubishi, Oman LNG, Exxon, BP, ORPIC, OTI.