UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Amendment No.1)*
Under the Securities Exchange Act of 1934
OMI Corporation
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(Name of issuer)
Common Stock ($.50 per share)
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(Title of class of securities)
Y6476W104
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(CUSIP number)
21 June 2000
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(Date of Event which requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
schedule is filed:
| | Rule 13d-1 (b)
|X| Rule 13d-1 (c)
| | Rule 13d-1 (d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MEGA TANKERS NEWBUILDING AS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |x|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Norway
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NUMBER OF SHARES 5 SOLE VOTING POWER
2,912,900
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BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 0
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EACH SOLE DISPOSITIVE POWER
REPORTING 7 2,912,900
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PERSON WITH SHARED DISPOSITIVE POWER
8 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,912,900
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.92%
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12 TYPE OF REPORTING PERSON
CO
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Item 1(a). Name of Issuer:
OMI Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
One Station Place
Stamford, CT 06902
Item 2(a). Name of Person Filing:
Mega Tankers Newbuilding AS
Item 2(b). Address of Principal Business Office or, if None, Residence:
Gaasholmen
Farsund, Norway 4550
Item 2(c). Citizenship:
Norway
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
Y6476W104
Item 3. If this statement is filed pursuant to Section 240. 13d-1(b),
or Section 13d-2(b) or (c), check whether the person filing is
a:
(a) |_| Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o);
(b) |_| Bank as defined in section 3(a)(6) of the Act(15
U.S.C. 78c);
(c) |_| Insurance Company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c);
(d) |_| Investment Company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C.
80a-8);
(e) |_| An investment adviser in accordance with Section
240. 13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan, or endowment fund in
accordance with Section 240. 13d-1 (b)(1)(ii)(F);
(g) |_| A parent holding company or control person in
accordance with Section 240. 13d-1 (b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b)of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition
of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
(j) |_| Group, in accordance with Section 240. 13d-1
(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
2,912,900
(b) Percent of class:
4.92%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
2,912,900
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the
disposition of:
2,912,900
(iv) shared power to dispose or to direct the
disposition of:
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting has ceased to be the benefical owner of more than five
percent of the class of securities, check the following [x]
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. Not Applicable.
Item 9. Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
MEGA TANKERS NEWBUILDING AS
By:/s/Geir B. Larsen
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Name:Geir B. Larsen
Title: Chairman
