Things are picking up for Overseas Shipholding Group (OSG), despite headwinds in the Jones Act tanker market.
The Tampa-based, New York-listed shipowner reported a second-quarter net loss of $10.7m, down on the $6.4m profit for the same period last year but narrower than the first-quarter loss as revenues ticked up.
Chief executive Sam Norton said the fleet, made up of tankers and articulated tug barges, delivered solid results.
