Morten Arntzen to take Team Tankers top spot
APRIL 8, 2015 — Morten Arntzen, who stepped down as CEO of tanker giant OSG in 2013 when it was in the midst of Chapter 11 bankruptcy restructuring, is set to become
Chapter 11
Genco files for bankruptcy
APRIL 22, 2014 — Peter Georgiopoulos’s Genco Shipping & Trading Limited (NYSE: GNK), filed for bankruptcy yesterday. Mr. Georgiopopulos’s General Maritime Corp.filed for bankruptcy in November 2012. Its restructuring gave Oaktree Capital
IRS slashes OSG claim
DECEMBER 20, 2013 — In a filing with the SEC yesterday, battered tanker giant Overseas Shipholding Group, Inc. (OTC:OSGIQ) said that the IRS has reduced its claim for back taxes from approximately
TMT blames banks for continued detention of C Ladybug
AUGUST 25, 2013 — Nobu Su’s Taiwan headquartered TMT said today that vehicle exporters in Africa, European and China are facing losses as a result of legal action by banks that have
Johnston replaces Arntzen at OSG
FEBRUARY 12, 2013 — Captain Robert Johnston will serve as the President and Chief Executive Officer of Overseas Shipholding Group, Inc., effective immediately. Captain Johnston, who has been the Senior Vice President
OSG gets a “D” from Standard & Poor’s
NOVEMBER 14, 2012 — Reacting to Overseas Shipholding Group Inc.’s voluntary Chapter 11 filing today (see earlier story) Standard & Poor’s lowered its long-term corporate credit rating on the tanker giant to
OSG files for Chapter 11
NOVEMBER 14, 2012 — Tanker giant Overseas Shipholding Group, Inc. (NYSE: OSG) today filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the District
OSG: The sharks start to circle
OCTOBER 24, 2012 — Multiple law firms specializing in securities class actions have announced that they are investigating potential claims against tanker giant OSG (NYSE: OSG) concerning possible violations of federal securities
OSG says it is considering a Chapter 11 filing
OCTOBER 22, 2012 — In an SEC filing today, tanker giant OSG says it is “evaluating its strategic options, including the potential voluntary filing of a petition for relief to reorganize under