SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE TO

(Amendment No. 1)

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934

OMI CORPORATION

TEEKAY SHIPPING CORPORATION
TEEKAY ACQUISITION HOLDINGS LLC
OMAHA, INC.
AKTIESELSKABET DAMPSKIBSSELSKABET TORM

Common Stock, par value $0.50 per share
(including the associated preferred stock
purchase rights)		Y6476W104
(Title of classes of securities)		(CUSIP number of common stock)

Francelyn Bethel		Mikael Skov
Teekay Shipping Corporation		Aktieselskabet Dampskibsselskabet TORM
Bayside House, Bayside Executive Park		Turborg Havnevej 18
West Bay Street & Blake Road, P.O. Box AP 59212		DK — 2900 Hellerup
Nassau, Bahamas		Denmark
Telephone: (242) 502-8880		Telephone: +45 39 17 92 00

Copies to:

David S. Matheson, Esq.		John M. Reiss, Esq.
Gwyneth E. McAlpine, Esq.		Oliver C. Brahmst, Esq.
Perkins Coie LLP		White & Case LLP
1120 N.W. Couch Street		1155 Avenue of the Americas
Tenth Floor		New York, New York 10036
Portland, Oregon 97209-4128		Telephone: (212) 819-8200
Telephone: (503) 727-2000

CALCULATION OF FILING FEE

Transaction Valuation (1)		Amount of Filing Fee (2)
$1,814,140,575		$55,694.12

o		Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.

Amount Previously Paid:		$55,694.12		Filing Party:		Teekay Shipping Corporation, Teekay Acquisition Holdings, LLC, Omaha, Inc. and A/S Dampskibsselskabet TORM
Form of Registration No.:		Schedule TO		Date Filed:		April 27, 2007

o		Check the box if the filing relates solely to preliminary communications made before the commencement of the tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

	þ		third party tender offer subject to Rule 14d-1
	o		issuer tender offer subject to Rule 13e-4
	o		going private transaction subject to Rule 13e-3
	o		amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results of the tender offer: o

     This Amendment No. 1 to the Tender Offer Statement on Schedule TO (this “Amendment”), filed with the Securities and Exchange Commission (the “SEC”) on May 14, 2007, amends and supplements the Tender Offer Statement on Schedule TO filed on April 27, 2007 (the “Schedule TO”) by (i) Omaha, Inc., a corporation organized under the laws of the Republic of The Marshall Islands (the “Purchaser”) and a jointly owned subsidiary of Teekay Shipping Corporation (“Teekay”), through its wholly owned subsidiary Teekay Acquisition Holdings LLC (“Teekay Acquisition Holdings”), and A/S Dampskibsselskabet TORM (“TORM”), (ii) Teekay, (iii) Teekay Acquisition Holdings, and (iv) TORM. The Schedule TO relates to the offer by the Purchaser to purchase all outstanding shares of common stock, par value $0.50 per share (the “Common Stock”), including the associated preferred stock purchase rights issued pursuant to the Rights Agreement dated November 19, 1998, as amended, between the Company and American Stock Transfer and Trust Company, as Rights Agent thereunder (the “Rights” and, together with the shares of Common Stock, the “Shares”), of OMI Corporation, a corporation organized under the laws of the Republic of The Marshall Islands (the “Company”), at a purchase price of $29.25 per Share, net to the seller in cash, without interest thereon, less any required withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase dated April 27, 2007 (the “Offer to Purchase”) and the related Letter of Transmittal, copies of which are attached to the Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively (which, together with any amendments or supplements thereto, collectively constitute the “Offer”). Capitalized terms used and not defined herein shall have the meanings assigned such terms in the Offer to Purchase.

     The information in the Offer to Purchase and the related Letter of Transmittal is incorporated into this Amendment by reference to all of the applicable items in the Schedule TO, except that such information is hereby amended and supplemented to the extent specifically provided herein.

Item 11. Additional Information

     Item 11 of the Schedule TO is hereby amended and supplemented by adding the following text thereto:

     “On May 11, 2007, the Federal Trade Commission notified Teekay and TORM that it had granted early termination of the waiting period under the HSR Act, with respect to the Offer. Accordingly, the condition to the Offer relating to the expiration or termination of the HSR Act waiting period has been satisfied.”

     On May 14, 2007, Teekay, TORM and the Company issued a joint news release announcing the early termination of the waiting period applicable to the Offer under the HSR Act, a copy of which is filed as Exhibit (a)(5)(iii) hereto and is incorporated herein by reference.

Items 12. Exhibits

     Item 12 is hereby amended and supplemented by adding the following exhibits:

(a)(5)(iii)		Joint News Release issued by Teekay, TORM and the Company on May 14, 2007

     After due inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: May 14, 2007