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Article: Overseas Shipholding Group Provides Fleet Activity Updates.
- Article from:
- Business Wire
- Article date:
- January 27, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- Approximately $387 Million in Total Proceeds from Asset Transactions in Q408 and Q109 --
NEW YORK -- Overseas Shipholding Group, Inc. (OSG or the Company) (NYSE: OSG), a market leader providing global energy transportation services, today provided an update related to vessel deliveries, asset sales, sale/leasebacks and redeliveries. OSG seeks to balance its portfolio of vessels that are owned and chartered-in. Vessel sales and sale/leasebacks not only raise cash that can be redeployed or reinvested, sale/leaseback transactions are a mechanism to shift residual risk, providing for greater flexibility in uncertain market conditions.
Vessel sale and ...
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Article: United States : Overseas Shipholding Group ...
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...Byline: prashant03 Overseas Shipholding Group, Inc. (NYSE: OSG - News), a market leader in providing energy ... approximately 5,656,757 common units (the Units ) of OSG America L.P. ( OSG America or the Partnership ; NYSE: OSP), including ...
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