South Korean shipbuilders Daewoo Shipbuilding & Marine Engineering Company and Hyundai Heavy Industries have won orders totaling more than $1.5bn, to build oil tankers for Oman Shipbuilding Company.
The firms will each deliver five 318,000-tonne double-hulled tankers by April 2012.
Oman Shipping is a closed joint stock company. Oman Oil Company owns 20 per cent of the firm, with the remainder held by the Ministry of Finance.
The company has a fleet of seven liquefied natural gas (LNG) vessels, used to transport the sultanate’s LNG exports. The new tankers are likely to be used for Oman's crude oil exports, which total more than 600,000 barrels a day.
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