Saturday 1 November 2014
Oman Shipping

Oman Shipping inks $356m loan for ore carriers

Oman Shipping Company has signed a RO137 million ($355.8 million) loan with two local banks to fund the acquisition of four Very Large Ore Carriers (VLOCs), it said in a statement.   The VLOCs will be chartered t


Oman Shipping to raise $4 billion

Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme, a finance ministry official said. "The $4 billion we are raising this year will finance the existing vessels already on orde


Oman Shipping to spend $4bn on fleet expansion

Oman's state-owned shipping company aims to spend up to $4 billion over the next three to four years to expand its fleet size, a senior company official said. Oman Shipping Company (OSC) is looking to grow its shipping fleet mainly to meet


Hyundai wins $768m Oman ship order

Hyundai Heavy Industries Co has won a $767.6 million order to build five supertankers for Oman Shipping Company. Hyundai said in a filing to the Korea Exchange it would deliver the ships by December 30, 2011. A senior official fr

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