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OSG Adds Three Tankers

November 2005

Three OSG Ship Management (OSG) tankers during the last two months surrendered their Marshall Islands flags in favor of the Stars and Stripes—and SIU crews—and in the process earned the authorization to convey military cargo overseas during war and emergencies. Overseas Maremar, Overseas Ambermar and Overseas Luxmar were reflagged to the American registry during separate ceremonies Sept. 6, Sept. 12 and Oct. 8, respectively. With the addition of these three vessels, OSG now has nine SIU-crewed ships sailing under the American flag. The ships have contracts under the U.S. Maritime Security Program (MSP), which was recently expanded to 60 from 47 vessels. The contracts run through 2016. OSG has 10 U.S.-flag Jones Act product carriers aggregating on order at Kvaerner Philadelphia Shipyard which are scheduled for delivery between late 2006 and early 2010. In addition, OSG has on order four 216,200-cubic meter LNG tankers (two at Hyundai Heavy Industries, Ltd. and two at Samsung Heavy Industries, Ltd.) scheduled for delivery in late 2007 and early 2008.

OSG’s Newly Reflagged Tankers Overseas Maremar Built: 1998 Dwt: 47,225 Length: 564 feet Breadth: 105 feet Overseas Ambermar Built: 2002 Dwt: 35,970 Length: 572 feet Breadth: 89 feet Overseas Luxmar Built: 1998 Dwt: 46,162 Length: 601 feet Breadth: 105 feet