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Teekay and torm buy OMI

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18.04.2007 14:59

Teekay and torm buy OMI

TEEKAY Shipping Corporation and Torm are to buy US-based tanker company OMI for about US$2.2bn and split its fleet between them.

TEEKAY AND TORM TO BUY OMI

TEEKAY Shipping Corporation and Torm are to buy US-based tanker company OMI for about US$2.2bn and split its fleet between them.

Teekay will acquire OMI's suezmax operations, comprising seven owned vessels and six chartered-in ships, and eight product tankers, and Torm will acquire OMI’s remaining 26 product tankers.

“We are delighted with the outcome of this process, which we believe has greatly benefited our stockholders and is a testament to the outstanding job our people have done in a highly competitive market environment,” said OMI chairman and ceo Craig Stevenson.

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