Crisis-stricken OSG has chartered ship from Lauritzen

In addition to banks and investors, shipping companies that have chartered tonnage to the seriously struggling tank shipping company OSG could be impacted by an acute financial breakdown. Lauritzen Tankers is one of these companies.

The acute crisis in the American tank shipping company Overseas Shipholding Group (OSG) is causing uncertainty not just among banks and investors, but just as much among the series of shipping companies that have ships chartered out to OSG.

Lauritzen Tankers confirms to ShippingWatch that the company has one product ship on charter to OSG, which considers entering the American rules for suspension of payments, the so-called Chapter 11.

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