OSI Affiliated Companies Assume Management Of 2 U.S. Tug/Barge Vessels

Ocean Shipholdings, Inc. (OSI) recently announced that two of its affiliated companies have assumed operational management of two U.S.-flag integrated tug/barge vessels under 12-year contracts with subsidiaries of Occidental Petroleum Corporation. The two OSIaffiliated companies are Ocean Chemical Carriers, Inc. and Ocean Chemical Transport, Inc.

These specialized vessels are primarily employed in transporting superphosphoric acid from Jacksonville, Fla., for discharge at Black Sea ports. OSI will provide the officers through District 2-Marine Engineers Beneficial Association-Associated Maritime Officers and the unlicensed crews through the Seafarers International Union.

In addition to managing its own fleet of petroleum product tankers, Ocean Shipholdings, Inc. provides operational management and an extensive range of technical services for vessel owners and other clients. This contract brings the OSImanaged fleet up to 11 ships.

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