Independent journal on economy and transport policy
09:02 GMT+1
This page has been automatically translated by Original news
the American Overseas Shipholding Group entrusts own ships of foreign flag to the management of V.Ships
With the outsourcing - Johnston has explained - we will place our international business so as to emerge with success from Chapter 11
January 13, 2014
The shipowning society American Overseas Shipholding Group (OSG), that is subordinate to controlled administration being resorted to Capitolo 11 of the American bankrupt law ( on 15 November 2012), it has announced today the decision to place the ships of own fleet that do not fly USA flag under the technical management of the Monegasque society of ship V.Ships management. The transfer will have to be approved of from the bankrupt court.
Al 30 last September the OSG fleet was constituted by 90 ships (more in order), used mainly for the transport of crude oil and producing oil, of which 24 unit of American flag employees mainly in the marine traffics regulated from the American norm Jones Act and 66 of foreign flag (59 clappers flag of the Malawi, five with flag of Hong Kong, with flag of Turkey and with the flag of Singapore).
"The simplification of our international activity - the managing director of Overseas Shipholding Group has explained, Bob Johnston - will allow us to make use us of economies of scale, of systems and competences of primaries third parts. With outsourcing of the technical management and the perseguimento of the strategy of pool for all our international ships we will place our international business so as to emerge more with success from Capitolo 11 with a smaller fleet and concentrated without the need to have to support expensive systems, a correlated series of offices and costs. The outsourcing - it has concluded Johnston - international team will afford to our management to concentrate itself on the strategic direction of the activity, in a moment in which the market it rallies, maintaining an essential operating and commercial supervision".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The shipowning society American Overseas Shipholding Group (OSG), that is subordinate to controlled administration being resorted to Capitolo 11 of the American bankrupt law 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
