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Industry: Email Alert RSS FeedOSG's Joint Venture Changes Name to Panamax International
Sea Technology, Jan 2006
New York, New York-based Overseas Shipholding Group (OSG) Inc. announced last month that its joint venture with Santiago, Chile-based Sociedad Anonima de Navegacion Petrolera (SONAP) S.A. has changed its name to Panamax International.
OSG entered the joint venture in 2005 through the acquisition of Stelmar Shipping Ltd. Together, SONAP and OSG jointly operate one of the largest and most modern Panamax tanker fleets in the world. The average age of the 14-vessel, double-hull fleet is seven years, compared to a world fleet average age of 12.1 years. The fleet trades crude oil and petroleum products in the Americas and the Caribbean.
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For more information, visit www. osg.com.
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