John Ray News

Overseas Shipholding Group, Inc. announced today that Captain Robert Johnston, President and Chief Executive Officer, will retire from the company effective immediately. He will continue to advise the company as a consultant through mid-2015. “Bob’s contributions to OSG’s success over the past 45 years cannot be overstated,” said John Ray, Chairman of the Board of OSG. “He is an incredibly skilled shipping operator and industry leader, and he was instrumental in our ability to maintain uninterrupted, high-quality service to our customers during our restructuring. On behalf of the Board of Directors and the entire OSG family, I would like to thank him for his decades of service and wish him well in his retirement.

Thrustmaster of Texas, a manufacturer of commercial marine propulsion equipment based out of Houston, closed out this year's OTC by placing ink to paper after signing a contract on the trade show floor with the Dutch Barge Company Thursday to supply a complete thruster package. The deal concluded at a press conference inside the Reliant Center hosted by Thrustmaster’s president, Joe Bekker, and Dutch Barge Company's Henk Kapitein. Thrustmaster is staged to supply a complete thruster…