Variety Of Vessels Acquired

Friday, November 19, 1999
OMI Corp. has agreed to attain one of two Suezmax tankers currently under construction in Korea from Mega Tankers ASA of Oslo. The second tanker is being acquired by Frontline Ltd., the company's partner in Alliance Chartering LLC, which commercially manages the largest fleet of Suezmax tankers in the world. With a purchase price of $46.1 million, the company will issue 6.3 million shares valued at $2.50 per share to the sellers and assume approximately $30.3 million net in obligations to the shipbuilder.
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Contracts

GE Gas Turbines to Power US Navy’s New Destroyers

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received

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Diana Charters Containership to Maersk

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk

Offshore

CWind Joins National Workboat Association

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BG Group Starts up Sixth FPSO in the Santos Basin

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BG Awards Fugro MBES, Seabed Coring Contract

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