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PALMER NAMED CEO OF INTERNATIONAL PRODUCT CARRIERS

PALMER NAMED CEO OF INTERNATIONAL PRODUCT CARRIERS

   David Palmer has been named chief executive officer of International
Product Carriers, which operates the fleets of Osprey Maritime Ltd. of
Singapore and U.S.-based OMI Corp.
   Palmer was executive vice president and director, business development of
Stolt Nielsen S.A. since 1997. He joined Stolt Nielsen in 1983 as project manager and
served as managing director of the company’s Australian operation.
   IPC operates 25 product carriers. That number will rise to 28 when
partners complete existing time charter arrangements.