This is OSC's third Medium Range (MR) size Tanker and the fourth Bareboat Charter vessel it has taken into the fleet this year from StealthGas Inc.
With this addition the Company's fleet now consists of 40 vessels with a total DWT of 6m. The Company expects to take delivery of 5 more vessels in the 2nd half 2012 comprising 1 Very large Crude Carrier (317,000 DWT) and 4 Very Large Ore Carriers (400,000 DWT each).
"STEALTH BAHLA" will be commercially managed by Oman Charter Company S.A.O.C. (OCC), and will be technically managed by Oman Ship Management Company S.A.O.C. (OSMC), both wholly owned subsidiaries of OSC. By the year end OSMC will directly manage a fleet of 23vessels, in-house, from its Muscat Headquarters.
OSC Group results for 1st Half 2012 recorded a 13% increase in operating profit to $95m compared to the same period in 2011. Revenues increased 33% to $166m and costs increased 26% to $72m, whilst the fleet size expanded from 28 vessels to the current 40 vessels within 12 months.
Browse
related articles
Oman Shipping Company expands its fleet with MR2 Tanker STEALTH BAHLA
- Oman: Sunday, August 12 - 2012 at 13:32
- PRESS RELEASE
Related content
Oman Shipping Company S.A.O.C. (OSC) has taken delivery of a Chemical/Oil Tanker "STEALTH BAHLA". Built in South Korea in 2009, at 46,000 DWT the Vessel has a Crude Oil capacity of 331,000 barrels.
Article Options
Log in to request more information from Oman Shipping Company
Posted by Nadeen El AjouSunday, August 12 - 2012 at 13:32 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Notes and Media Contacts »
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
