OSC to enhance ties with Chinese shipyards

Shipping giant to expand fleet with more vessels from China, says firm's top official

Oman Shipping Co, the shipping arm of Omani logistics firm Asyad Group, expects to generate at least 20 percent of its revenues from China in the next few years and possibly build some more of its ships at Chinese shipyards, a senior company executive said.

"We hope to expand the contribution of the Chinese market to about 15 percent to 20 percent of OSC's overall revenue in the coming years based on the strong and increasing ties between China and Oman, as well as China's growing demand for commodities and energy related products (crude oil and liquefied natural gas for example)," said Michael Jorgensen, the acting chief executive officer of Oman Shipping.