Overseas Shipholding Group (OSG) closes a USD 33,150,000 loan to finance its new oil and chemical ATB.
https://worldmaritimenews.com/archives/293484/osg-secures-loan-to-finance-jones-act-atb-newbuild/
Overseas Shipholding Group
OSG Wraps Up ATC Acquisition, Tanker Purchase
Overseas Shipholding Group (OSG) completes the acquisition of Alaska Tanker Company (ATC).
https://worldmaritimenews.com/archives/292505/osg-wraps-up-atc-acquisition-tanker-purchase/
OSG to Take Full Ownership of Alaska Tanker Company
OSG pens deals to purchase crude oil carrier vessels operated by Alaska Tanker Company.
https://worldmaritimenews.com/archives/288634/osg-takes-full-ownership-of-alaska-tanker-company/
Overseas Shipholding Extends Charters for American Shipping Company’s Tanker Quartet
OSG has exercised options to extend its bareboat charter deals for four AMSC tankers.
OSG Anticipates Reflagging Tanker Newbuilds Under U.S. Registry
Overseas Shipholding Group has taken delivery of two Korean-built product tankers which the company anticipates will join the U.S. flag after an initial one-year charter. The two 50,000 DWT tankers, named Overseas Gulf Coast and Overseas Sun Coast, were delivered this week by Hyundai Mipo Dockyard...
MR2 Newbuild Pair Handed Over to OSG
Overseas Shipholding Group takes delivery of two 50,000 dwt product and chemical tankers in Korea.
https://worldmaritimenews.com/archives/284109/mr2-newbuild-pair-handed-over-to-osg/
OSG exercises option for second 204,000 bbl. tank barge
Overseas Shipholding Group Inc. (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced that it has exercised an option to construct a second 204,000 bbl. oil and chemical ATB barge at Gunderson Marine LLC (GM), Portland, Ore.
The barge, scheduled for delivery in the second half of 2020, will be designed and built to be paired with one of the company’s existing tugs, replacing a rebuilt barge unit which is expected to be phased...
https://www.workboat.com/news/shipbuilding/osg-exercises-option-for-second-204000-bbl-tank-barge/
Jones Act discussed at Marine Money
The Jones Act remains a hot topic in the workboat industry.
Jovi Tenev, a partner in the maritime group at legal giant Holland & Knight, moderated a session on the subject Wednesday at the Marine Money Week conference in New York. At a high level, the Jones Act (which requires vessels that operate in the domestic trades be U.S. built, owned and crewed) presents “barriers to entry” and a limited capacity for newbuilds, said Pål Lothe Magnussen, president and CEO of American Shipping Company ASA,...
https://www.workboat.com/news/coastal-inland-waterways/jones-act-discussed-at-marine-money/
Overseas Shipholding Sees Loss in Final Quarter of 2018
Overseas Shipholding Group ended the fourth quarter of 2018 with a loss of USD 5.2 million.
OSG Orders Second 204,000 Barrel Barge at Gunderson Marine
OSG orders second 204,000 barrel oil and chemical articulated tug barge (ATB) at Gunderson Marine.