Exhibit 13

The Fleet

February 22, 2000


International Bulk Fleet


Name of Ship

Year
Built

Deadweight
Tonnage

                                                                                                                                                                  

Tankers

     
 

RAPHAEL (1) (2)

2000

308,700

 

REGAL UNITY (2)

1997

305,072

 

SOVEREIGN UNITY (2)

1996

304,999

 

MERIDIAN LION (3) (50%-owned)

1997

295,833

 

MAJESTIC UNITY (2)

1996

295,804

 

CROWN UNITY (2)

1996

295,738

 

EQUATORIAL LION (3) (50%-owned)

1997

295,606

 

OLYMPIA (3)

1990

254,000

 

ECLIPSE (3)

1989

133,000

 

VESTA (4)

1980

96,060

 

VENUS V (4)

1981

95,996

 

ATLANTIA (4)

1979

95,590

 

PACIFIC RUBY (4)

1994

94,837

 

PACIFIC SAPPHIRE (4)

1994

94,655

 

REBECCA (4)

1994

93,375

 

ANIA (4)

1994

93,350

 

ELIANE (4)

1994

93,316

 

BERYL (4)

1994

93,302

                                                                                                                                                                  

Product Carriers

     
 

SUZANNE

1986

65,158

 

LUCY

1986

65,138

 

MARY ANN

1986

63,224

 

DIANE

1987

63,127

 

NEPTUNE

1989

39,452

 

URANUS

1988

39,452

 

VEGA

1989

39,084

 

DELPHINA

1989

39,047

                                                                                                                                                                  

Bulk Carriers

     
 

MATILDE

1997

157,486

 

CHRISMIR

1997

157,305

 

International Bulk Fleet Total

 

28 Vessels

4,067,706

 

 

U.S. Bulk Fleet

Name of Ship

Year

Built

Deadweight

Tonnage

                                                                                                                                                                  

 

Tankers

     
 

OVERSEAS BOSTON (3)(5)

1974

120,820

 

OVERSEAS CHICAGO (3)

1977

90,637

 

OVERSEAS OHIO (3)

1977

90,564

 

OVERSEAS WASHINGTON (3)

1978

90,515

 

OVERSEAS NEW YORK (3)

1977

90,393

                                                                                                                                                                  

 

Product Carriers

     
 

OVERSEAS NEW ORLEANS (6)

1983

42,954

 

OVERSEAS PHILADELPHIA (6)

1982

42,702

                                                                                                                                                                  

Bulk Carriers

     
 

OVERSEAS JUNEAU (8)

1973

120,476

 

OVERSEAS VIVIAN (8)

1969

37,814

 

OVERSEAS HARRIETTE (7)

1978

25,541

 

OVERSEAS MARILYN (7)

1978

25,541

                                                                                                                                                                  

Car Carriers

     
 

OVERSEAS JOYCE (3)

1987

15,886

                                                                                                                                                                 

U.S. Bulk Fleet Total

 

12 Vessels

793,843

                                                                                                                                                                  

(1)

To be delivered March 14, 2000

(2)

Participates in Tankers International VLCC Pool

(3)

Vessels on long-term time charters or bareboat charters expiring as follows:

Meridian Lion - 2005, Equatorial Lion - 2004, Olympia - 2002, Eclipse - 2005, Overseas Boston - 2003, Overseas Chicago - 2005, Overseas Ohio - 2005, Overseas Washington - 2006, Overseas New York - 2005 and Overseas Joyce - 2002

(4)

Participates in OSG/PDV Marina Aframax Pool

(5)

Rebuilt in 1981

(6)

25-year capital leases, commencing in year built

(7)

22-year capital leases, commencing in 1989

(8)

Tanker operating in grain trade

Total Operating Fleet:

40 Vessels

4,861,549 dwt

On Order:

  7 Vessels

1,378,100 dwt

Total:

47 Vessels

6,239,649 dwt