Oman Shipping Company has arranged a tanker refinancing deal worth $110m.
The facility has been agreed with Standard Chartered, the Oman Observer reported.
The deal covers two VLCCs and three other tankers.
Oman Shipping said the transaction was a clear indication of the strength of its balance sheet and the support it enjoys from its parent Asyad Group.
The cash will allow the owner to reduce overall borrowing costs and eliminate refinancing risk, while diversifying its pool of financial partners.
Standard Chartered's CEO in Oman, Hussain bin Ghalib al Yafai, said: "This deal gave us the opportunity to work across teams globally in order to propose the most optimal and innovative financing solutions for Oman Shipping Company."
Michael Jorgensen, acting CEO at Oman Shipping, added: "We are delighted to have agreed this substantial finance facility for five of our vessels with Standard Chartered.
"OSC is growing from strength to strength, and today's announcement will help us explore opportunities to expand our full-service shipping offering yet further."
