Oman Shipping Company has strengthened its ties with Shell through a deal that will see the oil major mobilise the company’s VLCCs.
A three-year contract of affreightment (COA) has been signed between Oman Shipping’s subsidiary Oman Charter Company and Shell International Eastern Trading Company.
Shell has already chartered 10 medium-range (MR) tankers from Oman Shipping but this is the first deal involving VLCCs.
Tarik Al-Junaidi, chief executive of Oman Shipping, said: “We are pleased to associate ourselves once again with Shell.
“In addition to the 10 MR tankers that we have recently chartered to Shell, this COA demonstrates the ability of Oman Shipping to deliver top shipping solutions that meet the requirements of our esteemed clients.”
According to Clarksons, Oman Shipping is operating more than a dozen of VLCCs.
Mike Muller, vice president for trading and supply crude for Shell, said: “For more than 50 years, Shell in Oman has been committed to meeting the country’s growing energy demand in a socially and economically responsible manner.
“We look forward to strengthening this well-established relationship through this agreement with Oman Shipping Company.
“Shell’s unique trading capabilities allow us to support OCC in building their commercial operations, and our hope is that this will boost Oman’s position as a world player in the oil and gas industry.”
