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The Transportation Department this week signed up the first nine commercial ships for its Tanker Security Program, which provides the Pentagon with a fleet of privately owned bulk petroleum carriers.
The TSP aims to strengthen the US supply chain and improve the movement of liquid fuel products while creating well-paid jobs.
The program has a supporter in the commander of US Transportation Command, Gen. Jacqueline Van Ovost.
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced on Tuesday that nine ships have been enrolled…
Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that its Board of Directors authorized an increase to its stock repurchase program of an additional $10 million of the Company’s common st...