DABA is a 317,000 DWT VLCC
Oman Shipping Company S.A.O.C. (OSC) took delivery of oneof their latest Very Large Crude Carrier (VLCC) the DABA, at Hyundai HeavyIndustries co. Ltd’s (HHI) Yard in Ulsan, South Korea on 6th Jan 2012.
DABA has a 317,000 deadweight ton (DWT) capacity, is 333meters length overall, 60 meter in beam and a design draft of 21 meters. This is OSC’s third VLCC delivery, out of anorder of five, from HHI, and is the Company’s 11th out of a future fleet of 17VLCCs. DABA is going to be operated inthe VL8 Pool, managed by NAVIG8, of which OSC is Shareholder. With this, OSCwill have 6 vessels in VL8 Pool.International Tanker Management (ITM), in Dubai, will technically managethe vessel.
Since commercial operations began in 2003, OSC now has afleet of 30 vessels, and an order book of 11 vessels to be delivered betweennow and 2013. The DWT capacity of thecurrent fleet is around 4.6 million DWT, increasing to around 8 million DWTonce the order book is delivered.
Oman Shipping Company S.A.O.C. is a closed joint stockcompany, incorporated in 2003 and owned by the Government of the Sultanate ofOman through the Ministry of Finance (80%) and Oman Oil Company S.A.O.C.(20%). Headquartered in Muscat, Oman, itwas established to transport the Sultanate’s oil and gas products to worldmarkets, provide Omani shipping services to the country’s trade partners inother commodities, and to re-vitalize Oman’s seafaring tradition.
The Company is involved in ship owning,chartering and management activities through its subsidiary companies: OmanCharter Company S.A.O.C., Oman Ship Management Company S.A.O.C., and OmanContainer Line S.A.. In 2010, theCompany’s profit was USD 19.5 Million, with a turnover of USD 238 Million, andtotal assets of USD 2.3 Billion. OSC’sOmanisation ratio is 86%, and the Company has an active cadet program for OmaniDeck and Engineering staff.
Oman Shipping Company’s fully owned subsidiary, Oman ShipManagement Company (OSMC) is presently undertaking the technical management of14 of Oman Shipping Company’s Vesselsincluding 3 VLCCs. Going forward, OSC has plans to bring more of itsvessels under Oman Ship Management’s technical management. Recently, in September2011, OSMC was awarded ISO 9001 and ISO 14001 accreditation, recognising itsadoption of international standards and best practices in Ship Management.
Source: Oman Shipping