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'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'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 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