OSC, Shell sign contract of affreightment

MUSCAT: Oman Shipping Company (OSC) announced that its subsidiary, Oman Charter Company (OCC), has entered into a contract of affreightment (CoA) agreement with Shell International Eastern Trading Company (Shell) for three years. The contract grants Shell access to the Very Large Crude Carriers (VLCC) operated by OCC for Crude oil cargo transportation requirements and provides OCC with the cargo base it needs to support its commercial operations.

“We are pleased to associate ourselves once again with Shell,” said Tarik al Junaidi, Chief Executive Officer of Oman Shipping Company. “In addition to the 10 MR tankers that we have recently chartered to Shell, this CoA demonstrates the ability of Oman Shipping Company and its subsidiaries to deliver top shipping solutions that meet the requirements of our esteemed clients. It is our endeavour to continuously provide our customers with reliable transportation services and to find mutual solutions that benefit both parties.”

“For over 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 (OSC),” said Mike Muller, Vice President for Trading and Supply Crude, Shell International Trading and 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.”