OMI Corporation Announces Delivery and Time Charter of New Vessel.Business Editors STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn.--(BUSINESS WIRE)--Jan. 9, 2002 OMI (1) See Open Market. (2) (Open Microprocessor Initiative, Brussels, Belgium) An organization that functions under the umbrella of the European Commission. It funds projects that research and develop advanced microcontroller technologies. Corporation (NYSE NYSE See: New York Stock Exchange :OMM OMM Organisation Météorologique Mondiale (French: World Meteorological Organization) OMM Organización Meteorológica Mundial (Spanish: World Meteorological Organization) OMM Organizzazione Meteorologica Mondiale ) today announced that it had taken delivery of the AMAZON, a new 47,000 dwt product tanker. This is the first of a series of four sisterships being constructed for the Company by Onomichi Dockyard Co., Ltd. pursuant to contracts between the Company and Sumitomo Corporation Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group. . The vessel has entered into a previously announced three-year time charter. Craig H. Stevenson, Chairman, Chief Executive Officer and President of OMI commented that "This brings to fifteen the number of vessels on long term time charter, with two more new product tankers to be added during the first quarter of this year. We now have twenty handysize and handymax product tankers, making us the largest owner in the world in this size category. Further, twelve of the vessels were built in 1999 or later making it a very young fleet and four more are to be delivered to us over the next fourteen months, all of which are time chartered from delivery." OMI is a major international tanker owner and operator. Its fleet currently comprises 32 vessels, consisting of six Suezmaxes, three Panamax tankers which carry crude oil, two handysize crude oil tankers, twenty handysize and handymax product carriers and one ultra large crude carrier. OMI has on order at shipyards two Suezmaxes and six product carriers. |
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