<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>                               9-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1998
<PERIOD-END>                                                        SEP-30-1998
<EXCHANGE-RATE>                                                               1
<CASH>                                                                   22,364
<SECURITIES>                                                                  0
<RECEIVABLES>                                                            13,739
<ALLOWANCES>                                                                  0
<INVENTORY>                                                                   0
<CURRENT-ASSETS>                                                         44,446
<PP&E>                                                                  572,751
<DEPRECIATION>                                                          144,264
<TOTAL-ASSETS>                                                          530,501
<CURRENT-LIABILITIES>                                                    40,125
<BONDS>                                                                 227,747
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                 21,838
<OTHER-SE>                                                              228,162
<TOTAL-LIABILITY-AND-EQUITY>                                            530,501
<SALES>                                                                       0
<TOTAL-REVENUES>                                                        114,983
<CGS>                                                                         0
<TOTAL-COSTS>                                                            82,634
<OTHER-EXPENSES>                                                         24,661
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                        7,130
<INCOME-PRETAX>                                                          10,424
<INCOME-TAX>                                                            (37,158)
<INCOME-CONTINUING>                                                           0
<DISCONTINUED>                                                                0
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                             47,582
<EPS-PRIMARY>                                                              1.11
<EPS-DILUTED>                                                              1.10
        

</TABLE>