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Tesoro Corporation News

21 Nov 2012

61 Foss Maritime Company Vessels Honored

Gary Faber

Vessels Have Gone Two Years or Longer Without Environmental Incidents, Winning Chamber of Shipping Honor. Sixty-one tugs and tank barges owned by Foss Maritime Company have been recognized by a major maritime organization for their environmental safety records. The Chamber of Shipping of America (CSA) announced the awards honoring the Seattle, WA-based Foss' environmental achievements on November 13, 2012 in Washington, D.C. Altogether, the 61 Foss vessels recognized by CSA have gone a combined 543 years without an environmental incident.

06 Aug 2008

Aler Philadelphia Holds Ceremonial Keel Laying

Aker Philadelphia Shipyard held a ceremonial keel laying for the eleventh vessel being built at the yard. The Veteran Class MT-46 product tanker is the seventh in a series of 12 tankers being constructed for American Shipping Company, who in turn will bareboat charter the vessel to OSG America for final operation in service with Tesoro Corporation. Following long held shipbuilding tradition, coins were placed on one of the keel blocks that supports the vessel during construction before the first section of the ship was lowered into place. These coins are a ceremonial sign of good fortune and safe travels. The ceremony was conducted with representatives of Aker Philadelphia Shipyard, American Shipping Company, and OSG America.

17 Oct 2006

Tesoro Charters Two from OSG Tankers

Overseas Shipholding Group announced that time charter agreements have been signed for two more Jones Act commercial product tankers being built at the Aker Philadelphia Shipyard. The agreements were made between OSG and Gold Star Maritime Company, an affiliate of Tesoro Corporation (Tesoro), an independent refiner and marketer of petroleum products. Tesoro has chartered a total of four Jones Act commercial product tankers from OSG. of ships chartered of OSG's ten-ship order to eight. Four tankers are currently under construction at the yard, with the first, the Overseas Houston, slated to be named on November 11, 2006. The balance of the tankers will be delivered through 2010.

18 Oct 2006

Tesoro Affiliate Secures Additional Tankers in Aker Philly Build Program

Charter agreements have been signed for two more of the 10 Jones Act commercial product tankers being built at Aker Philadelphia Shipyard. The agreements were made between Gold Star Maritime Company, an affiliate of Tesoro Corporation (Tesoro), and Overseas Shipholding Group Inc. (OSG), which has partnered in the new fleet with Aker American Shipping (AKASA), parent company of the shipyard. As part of the Aker group of companies, Aker American Shipping, in conjunction with its subsidiaries, operates as both shipbuilder and ship owner in the Jones Act segment of the U.S. commercial maritime industry. Tesoro had previously secured two vessels in the series in April of this year.