OMI ORDERS PRODUCT TANKER
OMI Corp. has ordered a 37,000-deadweight-ton product tanker from Hyundai Mipo Dockyard in South Korea.
The Stamford, Conn.-based shipping company said the vessel will be used for a multi-year time charter with a large oil company after its delivery, scheduled for April 2004. “The delivery date for the vessel is very attractive and allows us to begin a profitable time charter in only about 15 months,” said Craig H. Stevenson Jr., chairman and chief executive officer of OMI.
OMI also maintains options to purchase up to two additional identical
vessels from the South Korean shipyard.
OMI currently operates a fleet of 36 vessels, consisting of eight Suezmaxes, three Panamax tankers and two handysize tankers for crude oil, 22 handysize and handymax product carriers, and one ultra large crude carrier.
The company has on order two Panamax product carriers and two handymax product carriers, which will be delivered during early and mid-2003.