ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Related articles

Latest news

See all jobs