<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
Exhibit 27 contains summary information extracted from OMI Corp. 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>                                        12-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1997
<PERIOD-END>                                                        DEC-31-1997
<EXCHANGE-RATE>                                                               1
<CASH>                                                                   32,489
<SECURITIES>                                                                  0
<RECEIVABLES>                                                            19,632
<ALLOWANCES>                                                                  0
<INVENTORY>                                                                   0
<CURRENT-ASSETS>                                                         71,402
<PP&E>                                                                  574,741
<DEPRECIATION>                                                          204,516
<TOTAL-ASSETS>                                                          518,587
<CURRENT-LIABILITIES>                                                    51,629
<BONDS>                                                                 146,341
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                 21,533
<OTHER-SE>                                                              199,490
<TOTAL-LIABILITY-AND-EQUITY>                                            518,587
<SALES>                                                                       0
<TOTAL-REVENUES>                                                        231,654
<CGS>                                                                         0
<TOTAL-COSTS>                                                           174,363
<OTHER-EXPENSES>                                                         52,942
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                       12,249
<INCOME-PRETAX>                                                          (3,707)
<INCOME-TAX>                                                                180
<INCOME-CONTINUING>                                                           0
<DISCONTINUED>                                                                0
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                13,797
<NET-INCOME>                                                             10,827
<EPS-PRIMARY>                                                               .25
<EPS-DILUTED>                                                               .25



</TABLE>