<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>

Exhibit 27 contains summary information extracted from OMI Corporation and
subsidiaries Consolidated condensed financial statements and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY>   U.S. DOLLARS
       

<S>                                                  <C>

<PERIOD-TYPE>                                        6-MOS
<FISCAL-YEAR-END>                                                  DEC-31-1998
<PERIOD-END>                                                       JUN-30-1998
<EXCHANGE-RATE>                                                              1
<CASH>                                                                  21,665
<SECURITIES>                                                                 0
<RECEIVABLES>                                                           16,989
<ALLOWANCES>                                                                 0
<INVENTORY>                                                                  0
<CURRENT-ASSETS>                                                        84,481
<PP&E>                                                                 492,262
<DEPRECIATION>                                                         138,170
<TOTAL-ASSETS>                                                         493,184
<CURRENT-LIABILITIES>                                                   81,196
<BONDS>                                                                143,879
<PREFERRED-MANDATORY>                                                        0
<PREFERRED>                                                                  0
<COMMON>                                                                21,838
<OTHER-SE>                                                             229,007
<TOTAL-LIABILITY-AND-EQUITY>                                           493,184
<SALES>                                                                      0
<TOTAL-REVENUES>                                                        76,859
<CGS>                                                                        0
<TOTAL-COSTS>                                                           57,340
<OTHER-EXPENSES>                                                        16,020
<LOSS-PROVISION>                                                             0
<INTEREST-EXPENSE>                                                       3,827
<INCOME-PRETAX>                                                          2,381
<INCOME-TAX>                                                           (37,158)
<INCOME-CONTINUING>                                                          0
<DISCONTINUED>                                                               0
<EXTRAORDINARY>                                                              0
<CHANGES>                                                                    0
<NET-INCOME>                                                            39,539
<EPS-PRIMARY>                                                             0.92
<EPS-DILUTED>                                                             0.90

        


</TABLE>