Shipping firm takes delivery of new vessel

TAMPA — Overseas Shipholding Group Inc. (NYSE: OSG), a Tampa-based transporter of crude oil and petroleum products, has taken delivery of a new 581-foot barge capable of transporting up to 204,000 barrels of oil. 

Dubbed OSG 24, the vessel, according to a press release, was built by Greenbrier Marine, a division of The Greenbrier Companies Inc., headquartered in Lake Oswego, Ore. It will be deployed in the Gulf of Mexico. 

“Completing a complex engineering and construction project on time and on budget is a challenge under any circumstances,” OSG President and CEO Sam Norton states in the release. “Having done so under the constraints imposed by COVID-19 makes that achievement all the more laudable. OSG is gratified to have partnered with Greenbrier Marine in the building of OSG 204, a barge that will serve for many years to come as a visible statement of OSG’s continued commitment to supporting the U.S. maritime industry.”

OSG 204 was completed in December and christened on May 19, the release states, in the first virtual barge christening in the history of Greenbrier Marine, an adaptation necessitated by the COVID-19 crisis. 

OSG reported gross revenues of $355.55 million in 2019, down from $366.16 million in 2018.