OSG buys two U.S.-flag product tankers
Overseas Shipbuilding Group Inc., a marine transportation company based in New York, has acquired two 50,000-deadweight ton U.S.-flag product tankers from Attransco Inc.
The double-bottom vessels, the “Galena Bay” and the “Puget Sound,” built in 1982 and 1983, respectively, are on bareboat charter to SeaRiver Maritime Inc., a subsidiary of ExxonMobil.
The acquisitions show OSG’s “commitment to expand its U.S.-flag business. In light of the anticipated decline in Jones Act product tanker tonnage over the next few years, OSG continues to explore various options to increase its participation in this trade,” said Morten Arntzen, president and chief executive officer of OSG.
