Oman Shipping Company S.A.O.C. is a closed joint stock company, incorporated in 2003 and owned by the Government of the Sultanate of Oman through the Ministry of Finance (80%) and Oman Oil Company S.A.O.C. (20%). The Company is involved in Ship Owning, Ship Chartering and Ship Management activities through its Subsidiary Companies: Oman Charter Company S.A.O.C. (OCC), Oman Ship Management Company S.A.O.C. (OSMC), and Oman Container Line (OCL) S.A.O.C.
The Company launched with the acquisition of 6 LNG Vessels,employing them to transport Omani LNG to world markets, together with MitsuiO.S.K. Lines Ltd. (MOL) as its Joint Venture Partner. Existing LNG vessels are managed by OSMC, an ISM accredited Company.MOL provides service support to OSMC in matters of technical management of the LNG vessels. The Company has since diversified into Crude Oil, Chemical,Dry Bulk, Container and General Cargo market segments. By 2012, the Company expects to have 42 vessels under ownership and management.