Omega Navigation Enterprises, Inc. Announces Its Joint Venture Company, Megacore Shipping Ltd., Has Taken Delivery of MR1 Produc
15 Marzo 2010 - 9:11PM
Marketwired
Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) (SGX: ONAV50), a
leading provider of Marine Transportation services specializing in
product tankers, announced today the delivery on February 25, 2010
from Hyundai Mipo Dockyard in S. Korea of the Megacore Honami, a
37,000 dwt. product/chemical carrier. The vessel is owned by a
company fully owned by Megacore Shipping Ltd., an equal partnership
joint venture between Omega and a wholly owned subsidiary of
Glencore International, A. G.
The Megacore Honami represents the first in a series of nine
newbuildings (2 MR1s and 7 LR1s) for Megacore. In addition to this
vessel, Megacore is scheduled to have 2 additional deliveries in
2010, 4 newbuilding vessels in 2011 and 2 vessels to be delivered
in 2012. The addition of the Megacore Honami brings the Omega fleet
to 10 vessels, either owned directly or through joint venture
companies.
The Megacore Honami, immediately subsequent to the delivery,
commenced a three year time charter with NYK Line.
About Omega Navigation Enterprises, Inc.
Omega Navigation Enterprises, Inc. is an international provider of
global marine transportation services through the ownership and
operation of double hull product tankers. The current fleet
includes ten double hull product tankers (two through joint
ventures) with a carrying capacity of 596,358 dwt, all of which are
under time charter contracts with an average age of less than four
and 1/2 years. In addition to the above mentioned nine newbuilding
vessels the Company has also announced the purchase of an
additional product tanker with a capacity of 47,000 dwt (through a
joint venture) scheduled for delivery in the third quarter 2010.
With the addition of these ten vessels, Omega's fleet will expand
to 19 product tankers with a total deadweight capacity of 1,252,358
dwt.
The Company was incorporated in the Marshall Islands in February
2005. Its principal executive offices are located in Athens, Greece
and it also maintains an office in the United States.
Omega Navigation's Class A Common Shares are traded on the
NASDAQ National Market under the symbol "ONAV" and are also listed
on the Singapore Exchange Securities Trading Limited under the
symbol "ONAV 50."
Cautionary Statement Regarding Forward-Looking
Statements Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words "believe," "anticipate,"
"intends," "estimate," "forecast," "project," "plan," "potential,"
"will," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, the Company's
management's examination of historical operating trends, data
contained in the Company's records and other data available from
third parties. Although the Company believes that these assumptions
were reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond the Company's
control, the Company cannot assure you that the Company will
achieve or accomplish these expectations, beliefs or
projections.
In addition to these important factors other important factors
that, in the Company's view, could cause actual results to differ
materially from those discussed in the forward-looking statements
include the strength of world economies and currencies, general
market conditions, including fluctuations in charter rates and
vessel values, changes in demand for product tanker and dry bulk
shipping capacity, changes in the Company's operating expenses,
including bunker prices, drydocking and insurance costs, the market
for the Company's vessels, availability of financing and
refinancing, changes in governmental rules and regulations or
actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due
to accidents or political events, vessels breakdowns and instances
of off-hires and other factors. Please see the Company's filings
with the Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.
Contacts: Company Contact: Gregory A. McGrath Chief Financial
Officer Omega Navigation Enterprises, Inc. PO Box 272 Convent
Station, NJ 07961 Tel. (551) 580-0532 E-mail:
gmcgrath@omeganavigation.com www.omeganavigation.com Investor
Relations / Financial Media: Nicolas Bornozis President Capital
Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel.
(212) 661-7566 E-mail: nbornozis@capitallink.com
www.capitallink.com
Grafico Azioni Omega Navigation Enterprises, Inc. (MM) (NASDAQ:ONAV)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Omega Navigation Enterprises, Inc. (MM) (NASDAQ:ONAV)
Storico
Da Giu 2023 a Giu 2024