OSG really hopes 2 vessels constructed in South Korea will certainly be qualified for a yet to be recognized united state Tanker Security Program
Overseas Shipholding Group,Inc (NYSE: OSG) has actually taken shipment of 2 50,000 dwt course item as well as chemical vessels from South Korean shipbuilder Hyundai Mipo Dockyard Co., Ltd.
The Overseas Gulf Coast as well as Overseas Sun Coast will certainly be running in the worldwide market under the Marshall Islands flag, with both vessels having actually participated in 1 year time charters.
Following this preliminary agreement duration, states OSG, it expects that the vessels will certainly shift to run under the united state flag.
“An important – although still provisional – initiative in the U.S. House of Representatives’ annual National Defense Authorization Act seeks to augment the current Maritime Security Program with a new Tanker Security Program,” claimed Sam Norton, OSG’s President as well as chief executive officer. “The Tanker Security Program as conceived would, if made law, create a fleet of up to ten U.S. flagged MR tankers in a program effectively replicating the structure of the current MSP program. Our commitment to supporting this initiative, and the national defense objectives which it targets, is most visibly evident in our investments in the Overseas Gulf Coast and Overseas Sun Coast. Both vessels will be made available to join this program if passed into law in the coming months.”
The Overseas Gulf Coast as well as Overseas Sun Coast, have actually been developed to abide by MARPOL Annex VI Regulation 13 Tier III requirements relating to nitrogen oxide exhausts within discharge control locations. In enhancement, each is fitted with an exhaust gas cleansing system, or scrubber, to fulfill the MARPOL Annex VI Regulation 14 requirements relating to sulfur oxide exhausts.
