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FINANCIAL NEWS
Omani Shipping Co. posts USD 180mn profit
29 May 2016
(MENAFN) Oman Shipping Co. (OSC) reported a USD 180mn profit in 2015, representing that this profit will be used to develop and expand the firm’s business.
Accordingly, the firms invest 20-30 percent in order to buy any tanker and the remaining sum would be financed by borrowing from regional and global banks.
Moreover, the OSC recently owns 47 tankers and five tankers will join its fleet by the end of this year, while it strengthened its position in the maritime markets.
In addition, the firm also signed a deal with Shell Intl’ to provide it with 10 ships in order to transport oil derivatives in 2015 and 2016.
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