MARAD has approved the first boats for the Tanker Security Program (TSP), a public-private collaboration to provide US-flag product tankers to US armed troops during times of conflict or national emergency.
TSP aims to ensure these tankers can compete in international trade and strengthen supply chain resilience for gasoline products.
Overseas Shipholding Group, located in Tampa, said that three of its medium-range tankers—Overseas Santorini, Overseas...