Overseas Shipholding Group, Inc. (NYSE: OSG) announces that it has closed on a $49,150,000 loan for a term of 7 years. OSG’s subsidiaries, OSG 205 LLC and OSG Courageous II LLC, obtained the loan to finance one new 204,000 barrel U.S. Flag oil and chemical ATB barge, the OSG 205, and to refinance the tug to which the barge is being paired, the OSG Courageous

Overseas Shipholding Group, Inc. (OSG) is a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products, primarily in the U.S. Flag markets. OSG has a strong cultural fit with Saltchuk and is known for its Jones Act business, longstanding customer relationships, and value creation over the past several years.

Overseas Shipholding Group, Inc. Announces Financing for Newbuild Jones Act Barge

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Overseas Shipholding Group, Inc. Announces Financing for Newbuild Jones Act Barge

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