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OMI Sells Tanker

Maritime Activity Reports, Inc.

July 8, 1999

OMI Cop. sold and leased back a 1999-built Suezmax tanker. Proceeds from the sale and leaseback of the vessel Columbia would be used to repay existing debt and for general corporate purposes, the company said OMI also said it had sold the 1975-built 146,108 dwt Czantoria for demolition.
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