OMI’s quarterly charter rates “above expectations”

OMI’s quarterly charter rates “above expectations”

OMI’s quarterly charter rates “above expectations”

   Stamford, Conn.-based tanker operator OMI Corp., said the time charter equivalent average rate for its spot market Suezmax fleet was about $45,000 per day in the second quarter. The average daily rate for its spot market product carriers was roughly $23,000.

   “The company believes that the rates for the current quarter are significantly above stock market expectations,” OMI said.

   OMI fleet comprises 48 vessels — 13 Suezmaxes and 35 product carriers — aggregating about 3.6 million deadweight tons.