Mohammed Al Barwani, a businessman with interests in diverse sectors, has taken ownership of Oceanco.
Based in Oman, Al Barwani specifically has large stakes in the energy sector. They include oil and gas. Additionally, through MB Holding Company, he has investments in manufacturing and minerals, among further assets. Education-wise, he attended undergrad in the United States, obtaining a Bachelor of Science degree from Miami University in Ohio. Al Barwani further studied in Scotland, obtaining his masters degree in petroleum engineering from Heriot-Watt University.
“Mohammed Al Barwani has a deep love of the sea and has owned a variety of motoryachts,” according to a statement from Oceanco today. Additionally, they share a quote from him. “I see Oceanco as a great brand,” he says. “The company offers an outstanding growth opportunity as the world economy recovers. Oceanco’s order book is healthy, and the business shows a strong balance sheet.”
Even with the ownership change, though, the management team at the shipyard remains intact. Marcel Onkenhout, previously the deputy managing director, is now CEO, for instance. (Related, the position fills that left by Eel Kant, who previously revealed he was departing his managing director position.) Onkenhout has been with Oceanco for 16 years. Arie van Andel, a project manager who has been at Oceanco since it opened its doors, remains in his position. Notably, Dirk de Jong, a former Oceanco figure, is back as the R&D design project manager.
Several yachts are currently in build at Oceanco. In fact, three exceed 80 meters. Although it isn’t disclosing the LOA, the shipyard says a fourth project is in the planning stage. Furthermore, the yard intends to add a construction shed for superyachts to 110 meters LOA.
“Oceanco will not only continue to construct outstanding yachts, but it is my intention to take the Oceanco brand to the next level,” Al Barwani states.
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