{"id":32155,"date":"2022-12-10T03:22:41","date_gmt":"2022-12-10T00:22:41","guid":{"rendered":"https:\/\/www.al-sindbad.net\/osg-extends-charters-for-six-american-shipping-tankers\/32155\/"},"modified":"2022-12-10T03:22:41","modified_gmt":"2022-12-10T00:22:41","slug":"osg-extends-charters-for-six-american-shipping-tankers","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/osg-extends-charters-for-six-american-shipping-tankers\/32155\/","title":{"rendered":"OSG extends charters for six American Shipping tankers"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Overseas Shipholding Group (OSG) has exercised options to extend bareboat charters with the Oslo-listed American Shipping Company (AMSC) for six Jones Act-compliant tankers.<\/p>\n<p>The charter extensions will add three-year terms commencing in December 2023. With this deal the New York-listed tanker player will continue to lease seven vessels from AMSC, six until December 2026 and one by 2025.<\/p>\n<p>Sam Norton, OSG\u2019s president and CEO, stated: \u201cWe believe the market continues to support attractive commercial opportunities for these vessel leases to supplement the strong and stable cash flow generation from our niche businesses. There is currently a healthy conventional tanker market, which we believe should continue for the foreseeable future, and are pleased to retain these vessels as key contributors to our steady and strong earnings.\u201d<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>The Tampa-based OSG operates of a fleet of 20 Jones Act oil tankers and oil tug-barges. <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/osg-drops-option-for-american-shipping-company-trio-as-it-shifts-priorities\/\" target=\"_blank\" rel=\"noreferrer noopener\">Earlier this year<\/a><\/span> the company decided not to extend and return three MR2 product tankers to AMSC, the <em>Overseas New York, Overseas Los Angeles and Overseas Texas City<\/em>, all now bareboat chartered to Keystone Shipping.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/norway\/\" rel=\"tag\">Norway<\/a> <a href=\"https:\/\/splash247.com\/tag\/united-states\/\" rel=\"tag\">United States<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overseas Shipholding Group (OSG) has exercised options to extend bareboat charters with the Oslo-listed American Shipping Company (AMSC) for six Jones Act-compliant tankers. The charter extensions will add three-year terms commencing in December 2023. With this deal the New York-listed tanker player will continue to lease seven vessels from AMSC, six until December 2026 and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":32156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-32155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=32155"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/32156"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=32155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=32155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=32155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}