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OSG 'evaluating options,' including Chapter 11

Transportation

Tuesday, October 23, 2012

Overseas Shipholding Group (OSG) , the second largest publicly traded tanker company, said Monday in a filing with the U.S. Securities and Exchange Commission it is “evaluating its strategic options, including the potential voluntary filing of a petition for relief to reorganize under Chapter 11 of the Bankruptcy Code.” The company said it is “in the process of reviewing a tax issue arising from the fact that the company is domiciled in the United States and has substantial intern...

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