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OSG reduced deficit in 2014 after years of crisis

New York listed tanker carrier OSG finished 2014 with a reduced deficit on the bottom line after years of large losses for the carrier, which has gone through a comprehensive reorganization.

Photo: OSG

OSG has spent recent years reorganizing the company, which has been under bankruptcy protection - US Chapter 11 - up until August 2014.

The process has paid off, and OSG has just released an annual report that shows a profit for the company in the fourth quarter as well as improved results, although still a loss for the whole year following several years of deficits.

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