Oman Shipping Company and Oman Drydock Company merge

MUSCAT: ASYAD Group announced the integration of Oman Shipping Company (OSC) and Oman Drydock Company (ODC), in alignment with the group’s strategy to offer integrated and highly efficient services — cementing its competitiveness across global markets and maximising the returns of the logistics sector.

The integration further connects the Sultanate’s shipping services in a comprehensive marine offering which meets the Group’s aspirations of providing global markets with end-to-end logistics solutions.

This is part of ASYAD’S strategic plan to elevate group-wide operational efficiency and consolidate complementing business activities.

These actions follow similar steps executed previously by the Group, such as the consolidation of Oman National Transport Company and the National Ferries Company (NFC) to standardise and unify the public transport services. Additionally, ASYAD merged Duqm Development Company SAOC (DDC) into Oman Drydock Company (ODC), to lower operational costs and accelerate business activities.

Recently, as part of its plans to enable the private sector, ASYAD Group has transferred the business activities of Oman Logistics Company to a private company as the master developer of Khazaen Economic City.

Abdulrahman bin

Salim al

Hatmi, ASYAD Group CEO, said: “This move towards integration aims to raise the Group’s efficiency and boost its economic and financial performance; ensuring its commercial sustainability and agility, while contributing to the national economy. We strive to advance the government’s diversification plans.”