ASYAD Group has announced the integration of Oman Shipping Company (OSC) and Oman Drydock Company (ODC).
The OSC has a fleet of 50 ships including five container feeder vessels of between 1,200 and 2,800TEU, mainly older vessels of 13 to 20 years in age. The rest of the fleet is comprised of dry bulk, crude oil, gas and product tankers.
“The integration further connects the Sultanate’s shipping services in a comprehensive marine offering which meets the Group’s aspirations of providing global markets with end-to-end logistics solutions,” said ASYAD Group.
These actions follow similar steps executed previously by the group, such as the consolidation of Oman National Transport Company and the National Ferries Company (NFC) to standardise and unify the public transport services. Additionally, ASYAD merged Duqm Development Company S.A.O.C (DDC) into Oman Drydock Company (ODC), to lower operational costs and accelerate business activities.
Recently, as part of its plans to enable the private sector, ASYAD Group transferred the business activities of Oman Logistics Company to a private company as the master developer of Khazaen Economic City.
Engineer Abdulrahman Salim Al Hatmi, ASYAD Group CEO, commeted. “Our Group’s main objective is to fortify the sultanate’s position as a logistic gateway to MENA [Middle East and North African] markets. The Group is constantly reviewing its operational, commercial and financial performance to remain adaptive to macro developments and keep pace with industrial trends nationally, regionally and globally.”
