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Omega Navigation Enterprises, Inc. Reports Second Quarter 2009 Results

Tue, 08 Sep 2009 20:49:00 GMT

Second Quarter 2009 Results
For the quarter ended June 30, 2009, Omega Navigation reported total revenues of $16.7 million and Net Income of $3.4 million, or $0.23 per basic share, excluding a loss related to the termination of a purchase agreement, a loss on interest rate derivative instruments and incentive compensation grants expense.
Please see below for a reconciliation of EBITDA to Cash from Operating Activities.

Omega Navigation Enterprises, Inc. Announces Date for the Release of Second Quarter and Six Months Ended June 30, 2009 Results

Tue, 18 Aug 2009 20:00:00 GMT

PIRAEUS, GREECE -- -- 08/18/09 -- Omega Navigation Enterprises, Inc. , a provider of global marine transportation services focusing on product tankers, announced today that it will release its results for the second quarter and six months ended June 30, 2009 after the close of the market on Tuesday, September 8, 2009.[More...]

Capital Link Launches a Series of Stockmarket Maritime Indices

Mon, 29 Jun 2009 11:56:00 GMT

NEW YORK, NY -- -- 06/29/09 -- Capital Link, Inc., a New York based Investor Relations and Advisory firm with a strategic focus on shipping, announced the launching of a series of stockmarket Maritime Indices.[More...]

Omega Navigation Enterprises, Inc. Announces New Time Charter on the Omega King

Tue, 26 May 2009 20:00:00 GMT

PIRAEUS, GREECE -- -- 05/26/09 -- Omega Navigation Enterprises, Inc. , a provider of global marine transportation services focusing on product tankers, announced today that it has entered in to a new time charter agreement on the Omega King for a period of one year with an option period of one year with Torm A/S .[More...]

Omega Navigation Enterprises, Inc. Announces Date for the Release of First Quarter 2009 Results, Conference Call, and Webcast

Thu, 21 May 2009 20:00:00 GMT

PIRAEUS, GREECE -- -- 05/21/09 -- Omega Navigation Enterprises, Inc. , a provider of global marine transportation services focusing on product tankers, announced today that it will release its results for the first quarter ended March 31, 2009, after the close of the market on Monday, June 1, 2009.[More...]

Omega Navigation Enterprises, Inc. Announces Formation of Joint Venture to Acquire of Newbuilding Vessel Omega Duke, Delivery of Omega Duke, Time Charter Agreement and Initiatives to Optimize Its Growth Plans and Manage Capital Exposure

Tue, 19 May 2009 14:13:00 GMT

Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) (SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced today it has taken delivery of the first of its newbuildings, the 47,000 dwt. Omega Duke.
As previously announced, Omega has commitments from commercial banks to provide 75% financing at delivery of all of its remaining newbuildings based on contract prices or fair market values at the time of delivery.
Formation of Joint Venture

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Omega Navigation Enterprises, Inc. Announces Formation of Joint Venture to Acquire of Newbuilding Vessel Omega Duke, Delivery of Omega Duke, Time Charter Agreement and Initiatives to Optimize Its Growth Plans and Manage Capital Exposure

Tue, 19 May 2009 13:18:00 GMT

PIRAEUS, GREECE -- -- 05/19/09 -- Omega Navigation Enterprises, Inc. , a provider of global marine transportation services focusing on product tankers, announced today it has taken delivery of the first of its newbuildings, the 47,000 dwt. Omega Duke. It further announced that it has taken several measures to better position itself to fund its newbuilding commitments from internally generated cash flow. As previously announced, Omega has commitments from commercial banks to provide 75% financing at delivery of all of its remaining newbuildings based on contract prices or fair market values at the time of delivery.[More...]

3rd Annual Capital Link "Invest in International Shipping" Forum a Great Success

Thu, 02 Apr 2009 19:25:00 GMT

NEW YORK, NY -- -- 04/02/09 -- The 3rd Annual Capital Link Forum 'Invest in International Shipping' took place last week in New York City with tremendous success. The Conference was completely booked with a participation of 742 attendees and with standing room only for most presentations throughout the day. Attendance increased by over 25% from last year, setting a new record.[More...]

Reminder: 3rd Capital Link International Shipping Forum Thursday, March 26, 2009 -- New York City 7:30 am - 5:00 pm

Thu, 19 Mar 2009 18:21:00 GMT

NEW YORK, NY -- -- 03/19/09 -- Listed company CEOs, CFOs and COOs, as well as several analysts and other leading market participants, will participate in the panels or make presentations at The 3rd Annual Capital Link Forum 'Invest in International Shipping' that will take place on Thursday, March 26, 2009 in New York City.[More...]

Omega Navigation Enterprises, Inc. Reports Fourth Quarter and Twelve Months 2008 Results

Tue, 03 Mar 2009 20:00:00 GMT

PIRAEUS, GREECE -- -- 03/03/09 -- Omega Navigation Enterprises, Inc. , a provider of global marine transportation services focusing on product tankers, announced today its financial and operational results for the fourth quarter and year ended December 31, 2008.[More...]