<PAGE>

As filed with the Securities and Exchange Commission on
 September 5, 1995

Registration No. 33-_______

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1993

                              OMI CORP.
(Exact name of registrant as specified in its charter)

          Delaware                                    13-2625280
(State of other jurisdiction of                    (I.R.S. Employer
incorporation or organization)                    Identification No.)

          90 Park Avenue
        New York, New York                               10016
(Address of Principal Executive Offices)              (Zip Code)

OMI CORP.
1995 EQUITY INCENTIVE PLAN
(Full title of the plan)

OMI CORP.
NON-EMPLOYEE DIRECTOR
STOCK OPTION AWARD AGREEMENT

(Full title of the plan)

_________________

Fredric S. London, Esq.
Senior Vice President,
General Counsel and Secretary
90 Park Avenue
New York, New York 10016
(212) 986-1960

(Name, address and telephone number of agent for service)

_________________

CALCULATION OF REGISTRATION FEE
Title of                       Proposed       Proposed
securities         Amount       maximum        maximum
to be               to be      offering       aggregate        Amount of
registered     registered         price        offering     registration
                             per share1          price1              fee
Common
 Stock,
 $0.50
 Par
 Value          1,300,000        $7.50      $9,750,000         $3,362.50

 1 Estimated solely for the purpose of calculating the registration fee. 
Such estimate has been calculated pursuant to Rule 457(h) under the 
Securities Act of 1933, as amended, based on the average of the high and 
low prices of the Common Stock as reported on the New York Stock 
Exchange, Inc. on August 30, 1995.




<PAGE>

PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT


Item 3. Incorporation of Documents by Reference.

 The following documents filed with the Securities and Exchange 
Commission (the "Commission") by the registrant (File No. 2-87930) 
pursuant to the Securities Exchange Act of 1934, as amended (the 
"Exchange Act"), are hereby incorporated by reference in this 
Registration Statement:

 (a) The registrant's (OMI Corp. or OMI) Annual Report on Form 10-K for 
the fiscal year ended December 31, 1994.

 (b) The registrant's Quarterly Reports on Form 10-Q for the quarters 
ended March 31, 1995 and June 30, 1995; and

 (c) The description of the registrant's Common Stock contained in its 
registration statement filed under the Exchange Act, including any 
amendment or report filed for the purpose of updating such description.

All documents and reports subsequently filed by the registrant pursuant 
to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the 
filing of a post-effective amendment to the Registration Statement which 
indicates that all securities offered hereby have been sold, or which 
deregisters all such securities remaining unsold, shall be deemed to be 
incorporated by reference in this Registration Statement and to be a 
part hereof from the date of filing of such documents or reports.

Item 4. Description of Securities.

        Not applicable.

Item 5. Interests of Named Experts and Counsel.

        Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 145 of the Delaware General Corporation Law (the "DGCL") permits 
OMI to indemnify its directors, employees and agents (each an "Insider") 
against liability for each such Insider's acts taken in his or her 
capacity as an Insider in a civil action, suit or proceeding if such 
actions were taken in good faith and in a manner which the Insider 
reasonably believed to be in or not opposed to the best interests of 
OMI, and in a criminal action, suit or proceeding, if the Insider had no 
reasonable cause to believe his or her conduct was unlawful, including, 
under certain circumstances, suits by or in the right of OMI, for any 
expenses, including attorney's fees, and, for any liabilities which the 
Insider may have incurred in consequences of such action, suit or 
proceeding under conditions stated in said Section 145.  OMI's By-Laws 
provide that OMI shall, to the full extent permitted by Section 145 of 
the DGCL, indemnify any person made or threatened to be made a party to 
any action, suit or proceeding, whether criminal, civil, administrative 
or investigative, by reason of the fact that such person or such 
person's testator or intestate is or was a director, officer or employee 
of OMI or serves or served at the request of OMI any other enterprise as 
a director, officer or employee.


II - 1



<PAGE>



OMI's Certificate of Incorporation provides that a director of OMI will 
not be personally liable to OMI or its stockholders for monetary damages 
for breach of fiduciary duty as a director, except for liability (i) for 
any breach of the director's duty of loyalty to OMI or its stockholders, 
(ii) for acts or omissions not in good faith or which involve 
intentional misconduct or a knowing violation of law, (iii) for a stock 
repurchase which is illegal under Section 174 of the Delaware General 
Corporation Law, or (iv) for any transaction from which the director 
derived an improper personal benefit.  OMI's Certificate of 
Incorporation also provides that if the Delaware General Corporation Law 
is amended after the date of the Certificate, to authorize the further 
elimination or limitation of the liability of directors, then the 
liability of a director of OMI shall be additionally limited to the 
fullest extent permitted by the amended Delaware General Corporation 
Law.

OMI has a directors' and officers' liability insurance policy which 
affords officers and directors with insurance coverage for losses 
arising from claims based on causally connected errors, statements, 
acts, omissions, neglects or breaches of duty or other such matters but 
not for breaches of fiduciary duty.

Item 7. Exemption from Registration Claimed.

        Not applicable.

Item 8. Exhibits.

       5       Opinion of White & Case, counsel to the registrant, dated 
               September 1, 1995 with respect to the legality of the
               Common Stock being registered.

       23(a)  Consent of Deloitte & Touche LLP, dated September 1, 1995.

       23(b)  Consent of White & Case (included in Exhibit 5 to this 
              Registration Statement).

       24  Powers of Attorney (included in page II-4).

Item 9. Undertakings.

        The undersigned registrant hereby undertakes:

       (1)  To file, during any period in which offers or sales are 
            being made, a post-effective amendment to this Registration 
            Statement:

            (i) To include any prospectus required by Section 10(a)(3)
                 of the Securities Act of 1933;

           (ii) To reflect in the prospectus any facts or events arising 
                after the effective date of this registration statement 
                (or the most recent post-effective amendment thereof) 
                which, individually or in the aggregate, represent a 
                fundamental change in the information set forth in the 
                Registration Statement;


II - 2



<PAGE>



         (iii)  To include any material information with respect to the 
                plan of  distribution not previously disclosed in the 
                Registration Statement or any material change to such 
                information in the Registration Statement;

provided, however, that paragraphs (i) and (ii) do not apply if the 
information required to be included in a post-effective amendment by 
those paragraphs is contained in periodic reports filed by the 
registrant pursuant to Section 13 or 15(d) of the Securities Exchange 
Act of 1934 that are incorporated by reference in the registration 
statement.

        (2)  That, for the purpose of determining any liability under 
the Securities Act of 1933, each such post-effective amendment shall be 
deemed to be a new registration statement relating to the securities 
offered therein, and the offering of such securities at that time shall 
be deemed to be the initial bona fide offering thereof.

       (3) To remove from registration by means of a post-effective 
amendment any of the securities being registered which remain unsold at 
the termination of the offering.

The undersigned registrant hereby undertakes that, for purposes of 
determining any liability under the Securities Act of 1933, each filing 
of the registrant's annual report pursuant to Section 13(a) or 15(d) of 
the Securities Exchange Act of 1934 (and, where applicable, each filing 
of an employee benefit plan's annual report pursuant to Section 15(d) of 
the Securities Exchange Act of 1934) that is incorporated by reference 
in the Registration Statement shall be deemed to be a new Registration 
Statement relating to the securities offered therein, and the offering 
of such securities at that time shall be deemed to be the initial bona 
fide offering thereof.

Insofar as indemnification for liabilities arising under the Securities 
Act may be permitted to directors, officers and controlling persons of 
the registrant pursuant to the foregoing provisions, or otherwise, the 
registrant has been advised that, in the opinion of the Securities and 
Exchange Commission, such indemnification is against public policy as 
expressed in the Securities Act and is, therefore, unenforceable.  In 
the event that a claim for indemnification against such liabilities 
(other then the payment by the registrant of expenses incurred or paid 
by a director, officer or controlling person of the registrant in the 
successful defense of any action, suit or proceeding) is asserted by 
such director, officer or controlling person in connection with the 
securities being registered, the registrant will, unless in the opinion 
of its counsel the matter has been settled by controlling precedent, 
submit to a court of appropriate jurisdiction the question whether such 
indemnification by it is against public policy as expressed in the 
Securities Act of 1933 and will be governed by the final adjudication of 
such issue.



II - 3




<PAGE>





SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the 
registrant certifies that it has reasonable grounds to believe that it 
meets all of the requirements for filing on Form S-8 and has duly caused 
this registration statement to be signed on its behalf by the 
undersigned, thereunto duly authorized, in the City of New York, State 
of New York, on September 1, 1995.

OMI CORP.
(Registrant)



                                    By /s/  Jack Goldstein
                                     Name:  Jack Goldstein
                                     Title: President

POWERS OF ATTORNEY

Each of the undersigned officers and directors of OMI Corp. hereby 
severally constitutes and appoints Vincent J. de Sostoa and Fredric S. 
London, each of their attorneys-in-fact for the undersigned, in any and 
all capacities, with full power of substitution, to sign any amendments 
to this registration statement (including post-effective amendments), 
and to file the same with exhibits thereto and other documents in 
connection therewith, with the Securities and Exchange Commission, 
granting unto said attorneys-in-fact, and each of them, full power and 
authority to do and perform each and every act and thing requisite and 
necessary to be done in and about the premises, as fully to all intents 
and purposes as he might or could do in person, hereby ratifying and 
confirming all that each said attorney-in-fact, or either of them, may 
lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this 
registration statement has been signed by the following persons in the 
capacities and on the date indicated.


Signature                          Title                     Date



/s/ Michael Klebanoff      Chairman of the Board
    Michael Klebanoff              and Director




/s/ Jack Goldstein                  President, Chief
    Jack Goldstein            Executive Officer, and
                                            Director
                       (Principal Executive Officer)






<PAGE>



Signature                          Title                     Date





                                  Director
     Livio Borghese




                                  Director
    Constantine G. Caras



/s/ Vincent J. de Sostoa        Senior Vice President
    Vincent J. de Sostoa        Chief Financial Officer
                                and
                                Chief Accounting Officer
                               (Principal Financial and Accounting 
                                Officer)


/s/ Steven D. Jellinek          Director
    Steven D. Jellinek



/s/ Emanuel L. Rouvelas        Director
    Emanuel L. Rouvelas




                               Director
    Marianne K. Smythe



/s/ Craig H. Stevenson, Jr.        Director,
    Craig H. Stevenson, Jr.        Chief Operating
                                   Officer and
                                   Executive Vice President






<PAGE>




EXHIBIT INDEX


Exhibit No.


5      Opinion of White & Case, counsel to the Registrant, dated 
       September 1, 1995, with respect to the legality of the Common 
       Stock being registered

23(a)  Consent of Deloitte & Touche LLP, dated September 1, 1995

23(b)  Consent of White & Case (included in Exhibit 5 to this 
       Registration Statement)

24     Powers of Attorney (included in page II-4)









<PAGE>




EXHIBIT 5



[WHITE & CASE LETTER]





OMI Corp
90 Park Avenue
New York, New York  10016


re   OMI Corp.
     1,300,000 Shares of Common Stock

Ladies and Gentlemen:

We are familiar with the proceedings taken and proposed to be taken by 
OMI Corp., a Delaware corporation (the "Company"), in connection with 
the registration pursuant to the Registration Statement on Form S-8 (the 
"Registration Statement") filed by the Company with the Securities and 
Exchange Commission under the Securities Act of 1933, as amended, of 
1,300,000 shares of its Common Stock, $0.50 par value (the "Common 
Stock"), issuable pursuant to the Company's 1995 Equity Incentive Plan 
and the OMI Corp. 1995 Non-Employee Director Stock Option Award 
Agreement (collectively, the "Plans").

We have examined such documents, certificates, records, authorizations 
and proceedings and have made such investigations as we have deemed 
necessary or appropriate in order to give the opinion expressed herein.  

Based on the foregoing, it is our opinion that the 1,300,000 shares of 
Common Stock referred to above have been duly authorized and reserved 
for issuance by the Company and, when issued and paid for as described 
in the Plans will be validly issued, fully paid and nonassessable shares 
of Common Stock of the Company.

We hereby consent to the filing of this opinion as an exhibit to the 
above-referenced Registration Statement.

                             Very truly yours,



                             White & Case









<PAGE>







EXHIBIT 23(a)






CONSENT OF INDEPENDENT AUDITORS



We consent to the incorporation by reference in this Registration 
Statement of OMI Corp. on Form S-8 relating to the 1995 Equity Incentive 
Plan and the Non-Employee Director Stock Option Award agreement of our 
report dated February 22, 1995 (March 3, 1995 as to Note 15) appearing 
in the Annual Report on Form 10-K of OMI Corp. for the year ended 
December 31, 1994.



Deloitte & Touche LLP




New York, New York
September 1, 1995
[{"type": "S-8", "sequence": "1", "secsgml_size_bytes": 15841}]
As filed with the Securities and Exchange Commission on
 September 5, 1995

Registration No. 33-_______

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1993

                              OMI CORP.
(Exact name of registrant as specified in its charter)

          Delaware                                    13-2625280
(State of other jurisdiction of                    (I.R.S. Employer
incorporation or organization)                    Identification No.)

          90 Park Avenue
        New York, New York                               10016
(Address of Principal Executive Offices)              (Zip Code)

OMI CORP.
1995 EQUITY INCENTIVE PLAN
(Full title of the plan)

OMI CORP.
NON-EMPLOYEE DIRECTOR
STOCK OPTION AWARD AGREEMENT

(Full title of the plan)

_________________

Fredric S. London, Esq.
Senior Vice President,
General Counsel and Secretary
90 Park Avenue
New York, New York 10016
(212) 986-1960

(Name, address and telephone number of agent for service)

_________________

CALCULATION OF REGISTRATION FEE
Title of                       Proposed       Proposed
securities         Amount       maximum        maximum
to be               to be      offering       aggregate        Amount of
registered     registered         price        offering     registration
                             per share1          price1              fee
Common
 Stock,
 $0.50
 Par
 Value          1,300,000        $7.50      $9,750,000         $3,362.50

 1 Estimated solely for the purpose of calculating the registration fee. 
Such estimate has been calculated pursuant to Rule 457(h) under the 
Securities Act of 1933, as amended, based on the average of the high and 
low prices of the Common Stock as reported on the New York Stock 
Exchange, Inc. on August 30, 1995.
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

 The following documents filed with the Securities and Exchange 
Commission (the "Commission") by the registrant (File No. 2-87930) 
pursuant to the Securities Exchange Act of 1934, as amended (the 
"Exchange Act"), are hereby incorporated by reference in this 
Registration Statement:

 (a) The registrant's (OMI Corp. or OMI) Annual Report on Form 10-K for 
the fiscal year ended December 31, 1994.

 (b) The registrant's Quarterly Reports on Form 10-Q for the quarters 
ended March 31, 1995 and June 30, 1995; and

 (c) The description of the registrant's Common Stock contained in its 
registration statement filed under the Exchange Act, including any 
amendment or report filed for the purpose of updating such description.

All documents and reports subsequently filed by the registrant pursuant 
to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the 
filing of a post-effective amendment to the Registration Statement which 
indicates that all securities offered hereby have been sold, or which 
deregisters all such securities remaining unsold, shall be deemed to be 
incorporated by reference in this Registration Statement and to be a 
part hereof from the date of filing of such documents or reports.

Item 4. Description of Securities.

        Not applicable.

Item 5. Interests of Named Experts and Counsel.

        Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 145 of the Delaware General Corporation Law (the "DGCL") permits 
OMI to indemnify its directors, employees and agents (each an "Insider") 
against liability for each such Insider's acts taken in his or her 
capacity as an Insider in a civil action, suit or proceeding if such 
actions were taken in good faith and in a manner which the Insider 
reasonably believed to be in or not opposed to the best interests of 
OMI, and in a criminal action, suit or proceeding, if the Insider had no 
reasonable cause to believe his or her conduct was unlawful, including, 
under certain circumstances, suits by or in the right of OMI, for any 
expenses, including attorney's fees, and, for any liabilities which the 
Insider may have incurred in consequences of such action, suit or 
proceeding under conditions stated in said Section 145.  OMI's By-Laws 
provide that OMI shall, to the full extent permitted by Section 145 of 
the DGCL, indemnify any person made or threatened to be made a party to 
any action, suit or proceeding, whether criminal, civil, administrative 
or investigative, by reason of the fact that such person or such 
person's testator or intestate is or was a director, officer or employee 
of OMI or serves or served at the request of OMI any other enterprise as 
a director, officer or employee.

II - 1
OMI's Certificate of Incorporation provides that a director of OMI will 
not be personally liable to OMI or its stockholders for monetary damages 
for breach of fiduciary duty as a director, except for liability (i) for 
any breach of the director's duty of loyalty to OMI or its stockholders, 
(ii) for acts or omissions not in good faith or which involve 
intentional misconduct or a knowing violation of law, (iii) for a stock 
repurchase which is illegal under Section 174 of the Delaware General 
Corporation Law, or (iv) for any transaction from which the director 
derived an improper personal benefit.  OMI's Certificate of 
Incorporation also provides that if the Delaware General Corporation Law 
is amended after the date of the Certificate, to authorize the further 
elimination or limitation of the liability of directors, then the 
liability of a director of OMI shall be additionally limited to the 
fullest extent permitted by the amended Delaware General Corporation 
Law.

OMI has a directors' and officers' liability insurance policy which 
affords officers and directors with insurance coverage for losses 
arising from claims based on causally connected errors, statements, 
acts, omissions, neglects or breaches of duty or other such matters but 
not for breaches of fiduciary duty.

Item 7. Exemption from Registration Claimed.

        Not applicable.

Item 8. Exhibits.

       5       Opinion of White & Case, counsel to the registrant, dated 
               September 1, 1995 with respect to the legality of the
               Common Stock being registered.

       23(a)  Consent of Deloitte & Touche LLP, dated September 1, 1995.

       23(b)  Consent of White & Case (included in Exhibit 5 to this 
              Registration Statement).

       24  Powers of Attorney (included in page II-4).

Item 9. Undertakings.

        The undersigned registrant hereby undertakes:

       (1)  To file, during any period in which offers or sales are 
            being made, a post-effective amendment to this Registration 
            Statement:

            (i) To include any prospectus required by Section 10(a)(3)
                 of the Securities Act of 1933;

           (ii) To reflect in the prospectus any facts or events arising 
                after the effective date of this registration statement 
                (or the most recent post-effective amendment thereof) 
                which, individually or in the aggregate, represent a 
                fundamental change in the information set forth in the 
                Registration Statement;

II - 2
(iii)  To include any material information with respect to the 
                plan of  distribution not previously disclosed in the 
                Registration Statement or any material change to such 
                information in the Registration Statement;

provided, however, that paragraphs (i) and (ii) do not apply if the 
information required to be included in a post-effective amendment by 
those paragraphs is contained in periodic reports filed by the 
registrant pursuant to Section 13 or 15(d) of the Securities Exchange 
Act of 1934 that are incorporated by reference in the registration 
statement.

        (2)  That, for the purpose of determining any liability under 
the Securities Act of 1933, each such post-effective amendment shall be 
deemed to be a new registration statement relating to the securities 
offered therein, and the offering of such securities at that time shall 
be deemed to be the initial bona fide offering thereof.

       (3) To remove from registration by means of a post-effective 
amendment any of the securities being registered which remain unsold at 
the termination of the offering.

The undersigned registrant hereby undertakes that, for purposes of 
determining any liability under the Securities Act of 1933, each filing 
of the registrant's annual report pursuant to Section 13(a) or 15(d) of 
the Securities Exchange Act of 1934 (and, where applicable, each filing 
of an employee benefit plan's annual report pursuant to Section 15(d) of 
the Securities Exchange Act of 1934) that is incorporated by reference 
in the Registration Statement shall be deemed to be a new Registration 
Statement relating to the securities offered therein, and the offering 
of such securities at that time shall be deemed to be the initial bona 
fide offering thereof.

Insofar as indemnification for liabilities arising under the Securities 
Act may be permitted to directors, officers and controlling persons of 
the registrant pursuant to the foregoing provisions, or otherwise, the 
registrant has been advised that, in the opinion of the Securities and 
Exchange Commission, such indemnification is against public policy as 
expressed in the Securities Act and is, therefore, unenforceable.  In 
the event that a claim for indemnification against such liabilities 
(other then the payment by the registrant of expenses incurred or paid 
by a director, officer or controlling person of the registrant in the 
successful defense of any action, suit or proceeding) is asserted by 
such director, officer or controlling person in connection with the 
securities being registered, the registrant will, unless in the opinion 
of its counsel the matter has been settled by controlling precedent, 
submit to a court of appropriate jurisdiction the question whether such 
indemnification by it is against public policy as expressed in the 
Securities Act of 1933 and will be governed by the final adjudication of 
such issue.

II - 3
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the 
registrant certifies that it has reasonable grounds to believe that it 
meets all of the requirements for filing on Form S-8 and has duly caused 
this registration statement to be signed on its behalf by the 
undersigned, thereunto duly authorized, in the City of New York, State 
of New York, on September 1, 1995.

OMI CORP.
(Registrant)

                                    By /s/  Jack Goldstein
                                     Name:  Jack Goldstein
                                     Title: President

POWERS OF ATTORNEY

Each of the undersigned officers and directors of OMI Corp. hereby 
severally constitutes and appoints Vincent J. de Sostoa and Fredric S. 
London, each of their attorneys-in-fact for the undersigned, in any and 
all capacities, with full power of substitution, to sign any amendments 
to this registration statement (including post-effective amendments), 
and to file the same with exhibits thereto and other documents in 
connection therewith, with the Securities and Exchange Commission, 
granting unto said attorneys-in-fact, and each of them, full power and 
authority to do and perform each and every act and thing requisite and 
necessary to be done in and about the premises, as fully to all intents 
and purposes as he might or could do in person, hereby ratifying and 
confirming all that each said attorney-in-fact, or either of them, may 
lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this 
registration statement has been signed by the following persons in the 
capacities and on the date indicated.

Signature                          Title                     Date

/s/ Michael Klebanoff      Chairman of the Board
    Michael Klebanoff              and Director

/s/ Jack Goldstein                  President, Chief
    Jack Goldstein            Executive Officer, and
                                            Director
                       (Principal Executive Officer)
Signature                          Title                     Date

                                  Director
     Livio Borghese

                                  Director
    Constantine G. Caras

/s/ Vincent J. de Sostoa        Senior Vice President
    Vincent J. de Sostoa        Chief Financial Officer
                                and
                                Chief Accounting Officer
                               (Principal Financial and Accounting 
                                Officer)

/s/ Steven D. Jellinek          Director
    Steven D. Jellinek

/s/ Emanuel L. Rouvelas        Director
    Emanuel L. Rouvelas

                               Director
    Marianne K. Smythe

/s/ Craig H. Stevenson, Jr.        Director,
    Craig H. Stevenson, Jr.        Chief Operating
                                   Officer and
                                   Executive Vice President
EXHIBIT INDEX

Exhibit No.

5      Opinion of White & Case, counsel to the Registrant, dated 
       September 1, 1995, with respect to the legality of the Common 
       Stock being registered

23(a)  Consent of Deloitte & Touche LLP, dated September 1, 1995

23(b)  Consent of White & Case (included in Exhibit 5 to this 
       Registration Statement)

24     Powers of Attorney (included in page II-4)
EXHIBIT 5

[WHITE & CASE LETTER]

OMI Corp
90 Park Avenue
New York, New York  10016

re   OMI Corp.
     1,300,000 Shares of Common Stock

Ladies and Gentlemen:

We are familiar with the proceedings taken and proposed to be taken by 
OMI Corp., a Delaware corporation (the "Company"), in connection with 
the registration pursuant to the Registration Statement on Form S-8 (the 
"Registration Statement") filed by the Company with the Securities and 
Exchange Commission under the Securities Act of 1933, as amended, of 
1,300,000 shares of its Common Stock, $0.50 par value (the "Common 
Stock"), issuable pursuant to the Company's 1995 Equity Incentive Plan 
and the OMI Corp. 1995 Non-Employee Director Stock Option Award 
Agreement (collectively, the "Plans").

We have examined such documents, certificates, records, authorizations 
and proceedings and have made such investigations as we have deemed 
necessary or appropriate in order to give the opinion expressed herein.  

Based on the foregoing, it is our opinion that the 1,300,000 shares of 
Common Stock referred to above have been duly authorized and reserved 
for issuance by the Company and, when issued and paid for as described 
in the Plans will be validly issued, fully paid and nonassessable shares 
of Common Stock of the Company.

We hereby consent to the filing of this opinion as an exhibit to the 
above-referenced Registration Statement.

                             Very truly yours,

                             White & Case
EXHIBIT 23(a)

CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in this Registration 
Statement of OMI Corp. on Form S-8 relating to the 1995 Equity Incentive 
Plan and the Non-Employee Director Stock Option Award agreement of our 
report dated February 22, 1995 (March 3, 1995 as to Note 15) appearing 
in the Annual Report on Form 10-K of OMI Corp. for the year ended 
December 31, 1994.

Deloitte & Touche LLP

New York, New York
September 1, 1995