| Business Summary | | OMI
Corporation
provides
seaborne
transportation
services
for
crude
oil
and
petroleum
products
in
the
international
shipping
markets.
Its
customers
include
independent
and
state-owned
oil
companies,
oil
traders,
government
entities
and
various
other
entities.
As
of
December
31,
2000,
the
Company
owned
23
vessels
and
one
bareboat
chartered-in
crude
tanker.
The
Company's
crude
oil
tankers
include
Settebello,
Somjin,
Sacramento,
Pecos,
Sabine,
Soyang,
Columbia
and
Loire.
The
Company's
product
carriers
include
Elbe,
Nile,
Volga,
Neches,
Guadalupe,
Isere,
Seine,
Limar,
Shannon,
Radiance,
Rain,
Racer,
Severn,
Alma,
Paulina
and
Patricia.
OMI's
Suezmax
tankers
principally
trade
from
West
Africa
and
the
North
Sea
to
the
United
States
Atlantic
coast.
The
product
carrier
fleet
operates
worldwide,
with
the
majority
trading
in
the
Caribbean
to
the
United
States
Atlantic
coast
and
the
Gulf
of
Mexico. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OMI
Corp.
is
a
bulk
shipping
company
which
provides
seaborne
transportation
services,
primarily
of
crude
oil
and
petroleum
products,
in
the
international
shipping
market.
For
the
six
months
ended
6/30/01,
revenues
rose
72%
to
$115.9
million.
Net
income
totaled
$68
million
vs.
a
loss
of
$642
thousand.
Revenues
reflect
increased
revenues
from
the
crude
oil
fleet
due
to
the
addition
or
redelivery
of
vessels.
Earnings
also
reflect
increased
gains
on
vessel
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Craig Stevenson, Jr., 46 Chairman,
Pres, CEO | $1.1M | -- | Kathleen Haines, 45 CFO,
Sr. VP, Treasurer | 299K | -- | Robert Bugbee, 40 COO,
Exec. VP, Director | 730K | -- | Fredric London, 52 Sr.
VP, Gen. Counsel and Sec. | 535K | $8.6K | Henry Blaustein, 57 Sr.
VP, OMI Marine Services LLC | 533K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|