SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For
the month of August 2007
Commission
File Number: 000-49650
A/S
STEAMSHIP COMPANY TORM
(Translation
of registrant's name into English)
Tuborg
Havnevej 18
DK-2900
Hellerup
Denmark
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form
20-F [ X ] Form 40-F [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ________.
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form
6-K
if submitted solely to provide an attached annual report to security
holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)7: ________.
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form
6-K
if submitted to furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the jurisdiction
in which the registrant is incorporated, domiciled or legally organized (the
registrant's "home country"), or under the rules of the home country exchange
on
which the registrant's securities are traded, as long as the report or other
document is not a press release, is not required to be and has not been
distributed to the registrant's security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes
[ ] No
[ X ]
If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): ________.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Set
forth herein as Exhibit 1 is
a copy of Announcement No.
19 -
2007 issued by A/S STEAMSHIP COMPANY TORM to The Copenhagen Stock
Exchange on August 3, 2007.
Exhibit
1
 |
 |
| TORM takes over control of OMI vessels |
ANNOUNCEMENT
NO. 19 - 2007
3
August 2007
TORM
takes over control of OMI vessels
On
8 June
2007, A/S Dampskibsselskabet TORM (TORM) announced that TORM and Teekay
Corporation (TEEKAY) had completed the acquisition of OMI Corporation (OMI),
whereby OMI became a jointly owned subsidiary of TORM and TEEKAY.
TORM
and
TEEKAY have now finalized the plan for the distribution of OMI’s assets. TORM
will consequently with effect from 1 August 2007 take over 24 product tankers
from OMI, leaving TORM’s fleet at 85 vessels excluding newbuildings. TORM will
also take over OMI’s technical operations in India and a part of OMI’s
organisation in the US. For technical reasons two product tankers will remain
in
TORM’s and TEEKAY’s joint operation in OMI until no later than the beginning of
2008, whereas the other OMI vessels will be taken over by TEEKAY, likewise
with
effect from 1 August 2007. The remaining assets of OMI including 2 product
tanker newbuildings will be equally distributed between TORM and
TEEKAY.
OMI
fleet to be taken over by TORM
|
Contact
|
Klaus
Kjærulff, CEO, tel.: +45 39 17 92
00.
|
|
About
TORM
|
TORM
is
one of the World's leading carriers of refined oil products and has significant
activities in the bulk market. The Company operates more than to 100 modern
and
secure vessels, most of them in pool co-operation with other respected shipping
companies, sharing TORM's commitment to safety, environmental responsibility
and
customer service.
TORM
was
founded in 1889 and has constantly adapted itself and benefited from the
significant changes characterizing shipping. The Company conducts business
all
over the World and is headquartered in Copenhagen, Denmark. TORM's shares are
listed in Copenhagen (ticker TORM) as well as on NASDAQ (ticker TRMD). For
more
information, visit www.torm.com.
SAFE
HARBOUR STATEMENT – FORWARD LOOKING STATEMENTS
Matters
discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect to future
events and financial performance and may include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts.
The
forward-looking statements in this release are based upon various assumptions,
many of which are based, in turn, upon further assumptions, including without
limitation, management’s examination of historical operating trends, data
contained in our records and other data available from third parties. Although
TORM believes that these assumptions were reasonable when made, because
these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are beyond
our
control, TORM cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections.
Important factors that, in our view, could cause
actual results to differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies, changes
in
charter hire rates and vessel values, changes in demand for “tonne miles” of
crude oil carried by oil tankers, the effect of changes in OPEC’s petroleum
production levels and worldwide oil consumption and storage, changes in demand
that may affect attitudes
of time charterers to scheduled and unscheduled dry-docking, changes in TORM’s
operating expenses, including bunker prices, dry-docking and insurance costs,
changes in governmental rules and regulations including requirements for
double
hull tankers or actions taken by regulatory authorities, potential liability
from pending or future
litigation, domestic and international political conditions, potential
disruption of shipping routes due to accidents and political events or acts
by
terrorists.
Risks
and
uncertainties are further described in reports filed by TORM with the US
Securities and Exchange Commission, including the TORM Annual Report on
Form
20-F and its reports on Form 6-K.
SIGNATURES
Pursuant
to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report
to
be signed on its behalf by the undersigned, thereunto duly
authorized.
A/S
STEAMSHIP COMPANY TORM
(registrant)
Dated:
August 3, 2007
By:
/s/ Klaus
Kjærulff
Klaus
Kjærulff
Chief
Executive Officer
SK
03810 0001
799582