Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, provided an update yesterday on the FSO Asia, a Floating Storage and Offloading (FSO) service vessel owned by the joint venture in which OSG and Euronav N.V. (Euronext Brussels: URN) each has a 50% interest.

After extensive commissioning in the shipyard, the vessel was
redelivered to the joint venture and arrived at the Al Shaheen oilfield
offshore Qatar on November 17, 2009. The planned hook-up of the vessel
on site was prevented by bad weather and while delayed, further
commissioning tests were conducted on board. During one of those tests
a hose reel, one of several redundant systems that enable oil to be
offloaded from the FSO to an export vessel, was damaged. The joint
venture and Maersk Oil Qatar AS (MOQ) agreed to return the vessel to
the conversion yard in Dubai to perform the required repairs, which is
expected to take 10 days. MOQ has extended the provisional delivery
date of the FSO Asia until December 15, 2009.

Overseas Shipholding Group, Inc. (NYSE: OSG), a Dow Jones
Transportation Index company, is one of the largest publicly traded
tanker companies in the world. As a market leader in global energy
transportation services for crude oil, petroleum products and gas in
the U.S. and International Flag markets, OSG is committed to setting
high standards of excellence for its quality, safety and environmental
programs. OSG is recognized as one of the world’s most customer-focused
marine transportation companies and is headquartered in New York City,
NY.

Source: Overseas Shipholding Group, Inc.

Search to find what you want

• Overseas Shipholding Group provides update on FSO Africa

    Overseas Shipholding Group, Inc., a market leader providing global energy transportation services, today announced that a notice of cancellation was received from Maersk Oil Qatar AS (MOQ) on January 21, 2010 concerning the FSO Africa, one of two vessels owned by a joint venture between OSG and Euronav N.V. (Euronext

• Keppel, Ezra and PetroVietnam in joint venture

    Keppel Offshore and Marine, Ezra Holdings, EOC Ltd and PetroVietnam Transportation have formed a joint venture to own and operate a floating production and storage offshore vessel in Vietnam. The joint venture, PV Keez, will supply an FPSO for the $1bn contract for Premier Oil’s Chim Sao project.

• Overseas Shipholding Group delivers first FSO Al Shaheen oil field offshore Qatar

    Overseas Shipholding Group, Inc., a market leader providing global energy transportation services, announced yesterday that on January 4, 2010 the FSO Asia, a 432,023 dwt Floating Storage and Offloading (FSO) service vessel, was successfully hooked-up at the Al Shaheen oil field offshore Qatar and commenced operations for Maersk Oil Qatar

• Overseas Shipholding Group Announces Quarterly Dividend

    Overseas Shipholding Group, Inc., a market leader in providing energy transportation services, yesterday announced that its Board of Directors has declared a regular quarterly dividend of $0.4375 per share on the common stock outstanding, payable on November 24, 2009 to stockholders of record on November 9, 2009.Overseas Shipholding Group, Inc.,

• EOC signs cooperation agreement with PetroVietnam Transportation

    EOC has signed a co-operative agreement with PetroVietnam Transportation, a subsidiary of the national oil and gas group in Vietnam, PetroVietnam, to incorporate a joint venture which will be equally owned through their respective subsidiaries.

• Coal India May Peabody Energy partners in overseas mining

    Coal India Ltd.’s board has approved the company’s plans to consider partnering with Peabody Energy Corp. in mining operations overseas and a final decision could be made in three months, its chairman said Wednesday

• Coal India May Peabody Energy partners in overseas mining

    Coal India Ltd.’s board has approved the company’s plans to consider partnering with Peabody Energy Corp. in mining operations overseas and a final decision could be made in three months, its chairman said Wednesday. “The board has given its approval.

• Tata NYK Shipping to sign long-term charter for Capesize vessels

    As part of its long-term strategy, Tata NYK Shipping Pte Ltd, the Singapore-based joint venture (50:50) between Tata Steel and Nippon Yusen Kabushiki Kaisha (NYK Line), a Japanese shipping major, proposes to enter into long-term charter for capesize vessels, according to the Tata Steel annual report. A beginning has already

• SCI on the hunt for second-hand tonnage

     Shipping Corp of India may buy four to five used ships later this year mainly to import coking coal under a planned joint venture with Steel Authority of India, a senior company executive told Dow Jones. “A proposal for buying ships, possibly from the secondary market, is being discussed,” the executive,

• Coal India to step up foreign joint venture to supply the domestic market to fulfill news

    Coal India, the country’s largest coal mining company is scouting for exploration and mining ventures overseas to step up supplies to Indian user companies, according to a senior executive.Director (technical), Coal India, NC Jha said that the state-run company has floated a joint venture firm, Coal India Mosambique for