US-flag operator Overseas Shipholding Group (OSG) is putting its Alaskan fleet fully back together again with the purchase of the a suezmax tanker from BP.
The Tampa, Florida-based company did not break out the purchase price of the 193,000-dwt Alaskan Frontier (built 2004), which had been in cold lay-up since 2019.
But chief executive Sam Norton said on Thursday that its total capital commitment, including the cost of engine upgrades and ballast water treatment installation, would approach $50m.
