Overseas Shipholding Group
signed time charter agreements with
, an independent refiner and marketer of petroleum products, for two more of the 10 Jones Act commercial product tankers being built at Aker Philadelphia Shipyard.
With two additional two-ship time charters announced previously with
, 60% of the ten-ship order due for completion in 2010 has signed charter agreements in place.
Work on the Veteran MT-46 Class tanker vessels commenced soon after Aker and OSG announced the 10-ship, $1 billion order in April 2005.
The New York-based company said construction on two ships in the series was well on track. It expects the steel cutting for the third vessel to begin this spring.
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