OMI Corporation Orders Vessel

September 8, 2003

OMI Corporation of Stamford, Connecticut has ordered one 37,000 dwt ice-class 1A product carrier to be built by Hyundai Mipo Dockyard Co., Ltd., Ulsan, Korea. The vessel is scheduled to be delivered in June of 2005. Craig H. Stevenson, Jr., Chairman and Chief Executive Officer, said "we continue to grow our core business of double hull product carriers and Suezmaxes; this is the fifth sister product carrier on order, three of which will commence five year time charters upon their deliveries in 2004. We maintain our optimistic outlook for both time charter and spot market business."

Related News

US House Panel to Hold Hearing on Baltimore Bridge Collapse ULA Orders Rocket Transport Ship from Bollinger Kongsberg Thrusters for Six Tunisian PA Tugs Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services WinGD to Supply Engines for AET’s Ammonia-Fueled Aframax Tankers