"Megacore Honami" delivered

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 for Megacore. In addition to this vessel, Megacore is scheduled to have two additional deliveries in 2010, four newbuilding vessels in 2011 and two vessels to be delivered in 2012. The addition of the "Megacore Honami" brings the Omega fleet to ten 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.

Omega Navigation Enterprises, Inc., New Jersey, provider of marine transportation services specializing in product tankers, has taken delivery of the 37,000 dwt product/chemical carrier "Megacore Honami" from Hyundai Mipo Dockyard in S. Korea.

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