Overseas Shipholding Group (OSG) Reduces Outstanding Debt
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Overseas Shipholding Group Reduces Outstanding Debt
October 23, 2023 4:15 PM EDTUnder bareboat arrangements with new owner of seven tankers operated by OSG
TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (OSG) announced today that it has prepaid deferred payment obligations (DPO) and entered into new bareboat charter agreements in respect of the seven vessels comprising OSGs Veteran Class products tanker fleet, all of which are now indirectly owned by a private fund (the MP Fund) managed by Maritime Partners, LLC. Prior to their recent acquisition by a Jones Act qualified subsidiary of the MP Fund, these seven vessels were previously owned indirectly by AMSC... More
