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.
Photo: PR-foto: DHT Holdings
Photo: PR-foto: DHT Holdings
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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