Oman Dry-dock Growth Prospects Good

Oman Dry-Dock Co eyes $20 million annual revenue by year 2020

Oman Dry-Dock Co (ODC), which owns and manages the Sultanate's newly operational ship repair yard at Duqm, has said it is eyeing annual revenues of around $200 million by the year 2020, Oman Daily Observer has reported.

Over the past 12 months, the yard had successfully dry-docked, repaired and maintained a total of 76 ships across all classification types and sizes. The yard's two huge graving docks can accommodate the world's largest vessels of up to 600,000 dwt, and as many as 10 ships of different sizes can be repaired at once at the two docks.