OSG seizes opportunity to slash outstanding debt
‘Opportunistic’ outstanding debt repayment a ‘principal target’ for Overseas Shipholding Group, says chief executive Sam Norton
Tampa-based company says it will realise a $911,000 gain and cut interest expense by $1.7m following repayment of the debt tied to two Jones Act tankers, while also ‘simplying’ arrangements with the new owners of its Veteran Class tankers