Overseas Shipholding Group (OSG) might be looking for acquisitions beyond the deal that saw them acquire Alaska Tanker Company's trio of Jones Act ships late last year.
The New York-listed tanker player reported $11m in profit for the fourth quarter of 2019 and so far has 90% charter coverage in 2020, which could earn it as much as $400m.
On the earnings call, chief executive Sam Norton said the company was on the way toward having free cash flow, which could be used to buy more ships.
