OMI exploring strategic alternatives
Tanker operator OMI Corp. said Friday its board of directors has decided to evaluate “a range of strategic alternatives to further enhance shareholder value,” that might include sale or merger of the company or continuation.
It said it has hired Perella Weinberg Partners and Fearnley Fonds ASA as financial advisors in the evaluation process.
The Stamford, Conn.-based firm has a 3.5 million-deadweight-ton fleet comprising 13 Suezmax tankers (seven owned and six chartered-in) and 32 product carriers (28 owned and four chartered-in). In addition, the company has two product carriers under construction.
OMI exploring strategic alternatives
