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Overseas Shipholding Group, Inc. Announces Purchase of Three Vessels; Acquisition of Alaska Tanker Company, LLC

Mar 12, 2020 - Business Wire
Mergers and Acquisitions

Overseas Shipholding Group, Inc. (NYSE: OSG) announced today that its subsidiaries have completed the purchase of three U.S.-flagged crude oil carrier vessels, the Alaskan Explorer, Alaskan Legend, and Alaskan Navigator from BP Oil Shipping Company USA and BP AMI Leasing Inc. (BP) and have entered into a bareboat charter with BP for a fourth vessel, the Alaskan Frontier. In connection with these transactions, OSG also completed the acquisition of Alaska Tanker Company LLC (ATC), the operator of ...