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.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now