Overseas Shipholding Group (OSG) has moved back into profit as a strong tanker market buoyed the company in 2015.
The shipowner booked annual net income of $284m, bouncing back from a loss of $152.3m in 2014.
Ian Blackley, chief executive of OSG, said: “The positive supply and demand fundamentals in the international tanker market, with ton-mile demand expansion in both crude and product sectors, along with the successful execution of our operating strategy drove impressive results in our International business.
“In
