OSG’s Sam Norton to optimise his Jones Act tankers rather than build new ones
Obsolescence risk is especially daunting for Jones Act tankers because of their much longer life expectancy compared with international tankers, Norton says
With prices for newbuilding Jones Act tankers estimated at more than $200m, Overseas Shipholding Group chief Sam Norton believes optimising his tankers’ propulsion systems and making other incremental efficiency gains will let the company cut emissions, while affording it breathing room to evaluate what comes next
