Overseas Shipholding signs contract with HMD for two chemical tankers
Overseas Shipholding announced that it has signed binding contracts with Hyundai Mipo Dockyard, or HMD, for the construction of two 50,000 deadweight tons class product chemical tankers for anticipated delivery to the company during the second half of 2019. These tankers will be constructed at HMD's Ulsan, Korea ship building facilities and will be built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within emission control areas. In addition, each vessel will have installed exhaust gas cleaning systems to meet the standards of MARPOL Annex VI Regulation 14 standards regarding sulphur oxide emissions. The company anticipates that these vessels, following delivery, will participate as US flagged vessels in trades served by existing company vessels.