Overseas Shipholding Group (OSG) has secured a nearly $50m loan for its new ATB.
The New York-listed, Tampa-based Jones Act tanker outfit announced after the close of markets on Tuesday that it had closed on the seven-year, $49.1m loan, financing the construction of the 204,00-bbl OSG 205 and refinancing the 12,480-bhp OSG Courageous (built 2011).
The loan provider was not named.
