OSG set to be acquired by Saltchuk

Shares in NYSE-listed U.S.-flag tanker and ATB operator Overseas Shipholding Group Inc. (OSG) were trading up this morning on news that it has entered into a definitive merger agreement that will see it acquired by Saltchuk Resources Inc. Saltchuk first made an offer for OSG in 2021, then made a new offer in January of this year.

Under the terms of the merger agreement, family-owned Saltchuk will commence a tender offer to acquire all outstanding shares of OSG it does not already own for $8.50...

https://www.marinelog.com/legal/shipping/osg-set-to-be-acquired-by-saltchuk/

CMA CGM steering LNG-powered ships to US

CMA CGM Chairman and CEO Rodolphe Saadé recently announced that the France-headquartered company would dedicate six liquefied natural gas-powered container ships to the U.S. market as part of its drive to propel the energy transition of the shipping industry.

The first of these six container ships, which each will have a capacity to carry 15,000 twenty-foot equivalent units (TEUs) will be delivered in October. All six will be operational by the end of 2022, CMA CGM said. The vessels will be...

https://www.freightwaves.com/news/cma-cgm-steering-lng-powered-ships-to-us