14/03/2014at 14:29

Another massive deficit for US tanker carrier

Overseas Shipholding Group (OSG), which is under Chapter 11 bankruptcy protection in the United States, suffered a total deficit of almost USD 638 million in 2013, an even bigger loss than the year before.

BY OLE ANDERSEN

American Overseas Shipholding Group (OSG), one of the world's largest tanker carriers and currently under Chapter 11 bankruptcy protection in the United States, suffered a net deficit of more than USD 624 million in 2013, compared to a USD 474 million deficit in 2012.

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