OMI/Frontline suezmax pool to continue
Teekay Shipping and Frontline are likely to continue the pooling of suezmax tankers if the OMI board approves the Teekay and Torm takeover of OMI. The fleet of OMI Corporation aggregates approximately 3.5 million deadweight tons and comprises 13 suezmax tankers (seven of which it owns and six of which are chartered-in) and 32 product carriers (of which it owns 28 and charters-in four). In addition, the OMI has two product carriers under construction, which will be delivered in 2009. The cooperation of OMI and Frontline has been very successful.