Oman Shipping Company (OSC) reported a USD180mn profit in 2015, indicating that this profit will be used to develop and expand the company's business during the coming period. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC said in an interview with Oman News Agency (ONA) that achieving significant profit came as a result of the good performance of the company's business in general, and as a result of an improvement in the rental market of giant oil tankers (as a result of the decline in world oil prices) resulting from the increase in oil supply in global markets. He explained that OSC now owns 47 tankers and five tankers will join its fleet by the end of this year.