US-flag tanker player Overseas Shipholding Group (OSG) has notched up a higher profit in the first quarter, boosted by improving markets.
Net income at the New York-listed company climbed to $12.1m from $10.1m in the previous quarter.
The contrast is even more stark with the first quarter of 2022, when the company was still spilling red ink to the tune of $509,000 in net losses.
