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Global Head of Maritime Chartering and Freight Operations

American Shipping Co chief executive Pal Lothe Magnussen, pictured here in 2018, once had 10 ships on bareboat charter with Overseas Shipholding Group. Photo: Scott Dalton

American Shipping Co and OSG locked in $4m legal battle over tanker redelivery

Oslo owner says OSG worked to disrupt the return of one of its three product tankers last month

2 January 2023 18:06 GMT Updated 2 January 2023 18:06 GMT

By Matt Coyne

in Stamford

The decoupling of American Shipping Co and Overseas Shipholding Group (OSG) is not going well.

The $200m MR tanker? Jones Act expert says that number could be next

The two sides are at loggerheads over the redelivery of the 46,810-dwt Overseas Los Angeles (built 2017), one of three American Shipping Co-owned Jones Act product tankers that OSG had on bareboat charter until December.