The Sultanate’s largest cement producer, Raysut Cement, has added a second wholly owned ship to its fleet — a move that promises to significantly augment the company’s ability to serve its growing export market.
‘Raysut 2’, described as a specialised pneumatic self-discharging cement carrier, is owned by Raybulk Navigation, a wholly owned subsidiary of Raysut Cement. Raybulk, which was incorporated in the Marshall Islands last October, is due to commence commercial operations before the end of this year.
The 16,000t capacity carrier is significantly larger than the company’s maiden acquisition, Raysut 1, which belongs to Raysea Navigation, a wholly owned subsidiary of Raysut Cement which launched commercial operations earlier this year. Raysea Navigation was incorporated in Panama in October 2008.