Omega Navigation Enterprises, Inc. [www.omeganavigation.com]

Generate stable cash flows through time charters. We seek to generate steady cash flow through fixed period time charters. As we expand our fleet, we will seek to optimize our mix of short-, medium- and long-term charters in light of prevailing market conditions in our industry, which is highly cyclical. We believe this will reduce our exposure to short-term market volatility.
Strategically expand the size of our fleet. We intend to grow our fleet through selective acquisitions of vessels, focusing primarily on double hull product tankers. However, we intend to continue to monitor market developments and conditions and may acquire additional vessels, including other types of vessels that may serve different shipping sectors and markets, when those acquisitions would, in our view, present favorable investment opportunities.
Maintain and grow a high quality fleet of vessels. We intend to maintain a high quality fleet of vessels that meet rigorous industry standards as well as our charterers' and Oil Majors' requirements. We believe that our customers prefer the better reliability, fewer off-hire days and greater operating efficiency of high quality vessels. We intend to maintain the quality of our fleet through our Managers' comprehensive planned maintenance and preventive maintenance programs.