OSC Takes Delivery of Its New Very Large Crude Carrier from DSME, South Korea

Oman Shipping Company S.A.O.C. (OSC) took delivery of a Very Large Crude Carrier (VLCC) “IZKI”, yesterday, at Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), Okpo, South Korea.

The vessel named “IZKI” is designed and constructed according to the latest international standards, and it has advanced ballast water treatment technology to comply with international conventions on the protection of the environment from the effects of transportation of ballast water and sediments around the world. The vessel has 317,000 deadweight (DWT) capacity, is 333 meters in length overall, 60 meter in beam and has a design draft of 21 meters.

This vessel will be technically managed by International Tanker Management (ITM), Dubai, which is a subsidiary of “V Ships”. “IZKI” will trade in the VL8 Pool, a joint venture company between OSC, Navig8 and VTN, based in Singapore. Including this vessel, OSC now has 13 out of 14 VLCCs in the VL8 Pool.

Since commercial operations began in 2003, OSC now has a fleet of 34 vessels, and an order book of 7 vessels to be delivered between now and 2014. The DWT capacity of the current fleet is around 5.3 million DWT, increasing to around 8 million DWT once the order book is delivered.