A much-speculated tie-up between American Shipping Co (AMSC) and the US-flag arm of Overseas Shipholding Group (OSG) could have capital markets benefits for both sides, say tanker and financial markets.
The mooted merger could lend investible scale to the companies’ Jones Act tanker fleet and boost finances for OSG, which is paying AMSC bareboat charter hire for 10 US-built products tankers.
However,
