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Article: The business economist at work: Overseas Shipholding Group.
- Article from:
- Business Economics
- Article date:
- July 1, 1989
- Author:
CopyrightCOPYRIGHT 1989 The National Association for Business Economists. 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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The Business Economist at Work: Overseas Shipholding Group
THE OVERSEAS SHIPHOLDING GROUP (OSG) is primarily engaged in the ocean transportation of liquid and dry bulk cargoes in both the worldwide and self-contained U.S. markets. The principal commodities involved are crude oil, petroleum products, iron ore, coal, and grain. The company is a contract rather than common carrier, which means that, unlike liners, its ships are not bound to specific ports or schedules. Freight rates move freely in a competitive bid and ask process that works through brokers, unlike the market for liner services where rates are administered by conferences. OSG is one of the largest ...
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