OMI Elects Shapiro as a Director

April 11, 2002

OMI Corporation said that Philip J. Shapiro has been elected a director of OMI. Mr. Shapiro is President and CEO of Liberty Maritime Corporation, the largest privately held independent operator of U.S. flag dry bulk vessels. He is also a director of the Steamship Mutual Protection and Indemnity Club and an elected member of the American Bureau of Shipping. Craig H. Stevenson, Chairman, Chief Executive Officer and President of OMI commented that "Philip is well known in shipping for his business acumen and ability to make things happen. OMI is fortunate to add his experience and keen judgment to that of our other Board members."

OMI Elects Shapiro as a Director

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