OSGis the world’s second largest publicly traded oil tanker company
The Overseas Shipbuilding Group (OSG), Inc. the world’s second largest publicly traded oil tanker company (as measured by number of vessels), is consistently strengthening its capabilities to ensure safety and protection of the environment in transporting its cargoes.
OSG is the only major tanker firm with a significant United States Flag and “International Flag Fleet,” that has won the confidence of major oil and gas companies, refiners and traders in its (OSG’s ) ability to provide safe and reliable transportation services, as it’s track record shows.
In an interview at the firm’s Philippine office in Makati City, OSG President and Chief Executive Officer Morten Arntzen said OSG provides ‘”marine, shipping and global energy transportation services. ” “OSG owns and operates an “international flag” and “US flag fleet” of 129 vessels, including ultra large crude carriers (ULCCs) and very large crude carriers (VLCCs) (aggregating more than 13 million deadweight tons) that transport crude oil, petroleum products and dry bulk commodities throughout the world that account for its vast business. It owns and operates the world’s largest ULCC, and also transports liquefied natural gas (LNG). In addition, OSG has ordered four LNG carriers to be built in Korea to the Det Norske Veritas (DNV) class. It has also one land vehicle carrier.
“The company’s well-maintained fleet, in-house technical and commercial management teams make OSG a “preferred” carrier for customers that place an increasing emphasis on marine environmental protection,” Arntzen said.
The international shipping firm has offices in Athens, Greece, Houston, London, Manila, Montreal, New Castle, New York City, Philadelphia, Singapore and Tampa- with a total of 3,850 employes, some 350 of whom working land-based. Founded in 1948, it has its headquarters in New York, NY., according to Arntzen, who, to date, has been involved in the global shipping industry for more than 30 years.
On “time efficiency” in the delivery of cargoes, he said “this is ensured through ‘strict’ adherence to the charterer’s voyage instructions, and the ‘close supervision’ of loading and discharge operations, that results in OSG’s outstanding customer service record.”
“OSG has been successful through multiple shipping cycles since its founding in 1948, he said, stressing that, “this success is the result of management vision, breadth and experience’ – with emphasis on quality and the safety of the environment, the size of diversity of its fleet, the company’s disciplined ‘financial and investment philosophy, together with the skills and commitment of its professional staff and crews.”
A professional banker for more than 17 years before joining OSG in 2003 as director, he was named OSG president-CEO January 2004. In recognition for his expertise in global shipping, and sterling management leadership, he was conferred the “commodore’ rank”‘ by the Connecticut Maritime Association (CMA) in March 2007.
Source: Manila Bulletin
