MOL, Oman Shipping Co. form two joint ventures
Mitsui O.S.K. Lines and Oman Shipping Co. will establish two joint-venture companies that will provide ocean transport services by operation of a 110,000-deadweight-ton product tanker and a very large gas carrier (VLGC).
Each company will hold a 50-percent ownership in each joint venture.
The Oman government formed Oman Shipping Co. to help develop the country’s shipping industry. The joint ventures with MOL were essential for the company to participate in the tanker trade.
MOL, Oman Shipping Co. form two joint ventures
