Overseas Shipholding Group (OSG) has confirmed it is no longer in talks with potential buyers for its international tanker business as it makes progress to split that fleet from its domestic operations.
Chief executive Ian Blackley told equity analysts on OSG’s recent earnings call: “Our preference was to merge our international business with another tanker company, which was a combined entity with greater scale and liquidity [that] helps to promote consolidation within the international tanker industry.
“Currently,
