Omega Navigation Enterprises, Inc. (Omega) is engaged in the ocean transportation services of dry cargo products, and crude and refined petroleum products. The Company owns and operates a fleet of six double hull Panamax product tankers and two Ice Class 1A double hull Handymax product tankers. Omega provides the commercial management of its vessels in-house through a wholly owned subsidiary, Omega Management, Inc. For the year ended December 31, 2007, three of the Company’s customers accounted for approximately 100% of its voyage revenues from its operations. These customers were Korea Line Corporation, D/S Norden A/S, ST Shipping & Transport (Glencore International AG) and A/S Dampskibsselskabet Torm.
(Source: 20-F)
