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Overseas Shipholding Group

Overseas Shipholding Group, Inc. one of the world's largest publicly listed bulk shipping companies, owns and operates a modern tanker fleet of over 100 vessels aggregating over 12 million deadweight tons comprised of International Flag and U.S. Flag vessels that transport crude oil, petroleum products and dry bulk commodities. Additionally, OSG's newbuilding program consists of four LNG vessels aggregating 864,800 cubic meters which will deliver in 2007 and 2008.

The U.S. Maritime Security Program (MSP) ensures that militarily useful U.S. Flag vessels are available to the Department of Defense in the event of war or national emergency. Under the Program, companies receive $2 million to $3 million per annum per ship in exchange for a guarantee that the ships which are engaged in the U.S. to foreign trades will be made available to the U.S. government in the time of war or national emergency.

Three OSG Ship Management (OSG) Double Hull tankers surrendered their Marshall Islands flags in favor of the Stars and Stripes-and SIU crews-and in the process earned the authorization to convey military cargo overseas during war and emergencies. Overseas Maremar, Overseas Ambermar and Overseas Luxmar were reflagged to the American registry during separate ceremonies Sept. 6, Sept. 12 and Oct. 8, 2005, respectively. With the addition of these three vessels, OSG now has nine SIU-crewed ships sailing under the American flag. The ships have contracts under the U.S. Maritime Security Program (MSP), which was recently expanded to 60 from 47 vessels. The contracts run through 2016.

Overseas MaremarOverseas AmbermarOverseas Luxmar
Built 199820021998
Dwt 47,22535,97046,162
Length 564 feet572 feet601 feet
Beam 105 feet89 feet105 feet

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Page last modified: 22-07-2011 17:40:44 ZULU