Photo politeness Overseas Shipholding Group

Overseas Shipholding Group has actually taken shipment of 2 Korean- constructed item vessels which the business prepares for will certainly sign up with the united state flag after a preliminary 1 year charter.

The 2 50,000 DWT vessels, called Overseas Gulf Coast and also Overseas Sun Coast, were supplied today by Hyundai Mipo Dockyard in Ulsan,South Korea Both were constructed to abide by MARPOL Annex VI Regulation 13 Tier III criteria and also are furnished an exhaust gas cleansing system, also known as “scrubber”, to satisfy the criteria of MARPOL Annex VI Regulation 14.

OSG claims the vessels will at first be running in the global market under the Marshall Islands flag under 1 year time charters. After that, OSG claims it prepares for the vessels will certainly change to run under the united state flag, possibly participating in a suggested united state federal government vessel program sustaining united state nationwide protection and also protection requirements.

“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,” stated OSG’s President and also CHIEF EXECUTIVE OFFICERSam Norton “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.”

Under the recommended program, the united state would certainly give a yearly gratuity to keep a fleet of 10 united state flagged MR vessels starting in 2021, comparable to the existingMaritime Security Program Like the MSP, the vessel program will certainly permit vessels to be constructed outside the United States and also reflagged under the united state flag.