Overseas Shipholding Group, Inc.
has purchased and taken delivery of
two 50,000-deadweight ton U.S. Flag product tankers from Attransco,
Inc. The two double bottom vessels, the S/R Galena Bay and the S/R
Puget Sound, were built in 1982 and 1983, respectively, and currently
are on bareboat charter
to SeaRiver Maritime
, Inc., a subsidiary of
"This acquisition demonstrates OSG's commitment to expand its U.S. Flag
business. In light of the anticipated decline in Jones Act product
tanker tonnage expected over the next few years, OSG continues to
explore various options to increase its participation in this trade,"
said Morten Arntzen, OSG's President and Chief Executive Officer.