Oman Shipping Company Takes Delivery of Its Fourth VLOC

Oman Shipping Company (OSC) took delivery of its fourth Very Large Ore Carrier (VLOC) “VALE SHINAS” in China on 30th March 2013, which will be used in the transportation of iron ore from Brazil to Sohar, Oman. With this vessel Oman Shipping Company has completed delivery of all the 4 VLOCs which were ordered with Jiangsu Rongsheng Heavy Industries Company in Nantong, China.

“VALE SHINAS”, the new Rongsheng-built VLOC delivered to OSC adopts an environmentally friendly design to lower oil consumption and reduce the emission of CO2, while its operating efficiency exceeds that of most existing ore carriers. With Energy Efficiency Design Index (“EEDI”) recorded at approximately 1.99 during sea trials, Rongsheng-built VLOCs are in line with low-carbon green product initiative and meets the benchmark requirements on emission reduction set by International Maritime Organization (“IMO”), which came into effect as of 1 January 2013.

Since the launch of the commercial operation of OSC in 2003, the company increased its fleet to 43 vessels, including taking delivery of 17 vessels in 2012. In addition, one LNG carrier still under construction increasing the fleet to 44 vessels and around 8 million deadweight tonnes by 2014, as per the current plans of the company.

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OSC, April 8, 2013