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Omega Navigation Enterprises, (SGX:O57) Cash Payments for Deposits by Banks and Customers


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What is Omega Navigation Enterprises, Cash Payments for Deposits by Banks and Customers?

Cash Payments for Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


Omega Navigation Enterprises, (SGX:O57) Business Description

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Omega Navigation Enterprises, Inc. is operated primarily from its offices in Piraeus, Greece. The firm provides marine transportation services through its ownership of eight medium-sized refined-product tanker vessels. These vessels transport a variety of liquid cargoes such as gasoline, diesel, fuel oil, and chemicals, with a carrying capacity of over 500,000 deadweight tons. The company currently has an additional five vessels on-order, due for 2010 delivery. The firm's technical vessel management services (such as crewing maintenance, and drydocking) are outsourced to third-party managers.