OSG’s VLCC and VPlus tankers trade primarily on the spot market transporting crude oil on long-haul voyages. Typical routes include those from the Arabian Gulf to the Far East, Western Europe, the U.S. Gulf or Caribbean, as well as from the North Sea and West Africa to the U.S. Gulf, India, China and Southeast Asia.

OSG’s entire fleet of VLCCs trade in the Tankers International (TI) pool, the largest commercial operator of VLCC tankers in the world. TI’s fleet includes the only four modern VPluses (two of which are owned by OSG) in the world.  These unique vessels are approximately 50 percent larger than regular VLCCs and can each transport 3.2 million barrels of crude oil.  TI was established by OSG and other leading tanker companies to meet the global transportation requirements of international oil companies and other major charterers. The profile, age and scale of the fleet enables TI to differentiate itself to customers with a preference for quality, modern tonnage. The pool’s integrated transportation system offers customers greater flexibility and vessel availability resulting in higher levels of service. Large, high-quality fleets such as TI can improve vessel utilization and profitability through COAs, backhauls, improved scheduling and reduced waiting time.  For example, trade routes from West Africa to China enhance fleet utilization by adding backhaul voyages that increase the percentage of time that vessels are carrying cargo.

Facts and Figures

• Number of VLCCs in OSG Fleet:  20
• Pool Information:  Tankers International was founded in 2000.  Participants in the pool are:  Overseas Shipholding Group, Inc., Euronav N.V. and Reederei “Nord” Klaus E. Oldendorff (founding members); Oak Maritime (HK) Inc. Ltd., Petronas, Shinyo International Group Ltd., The Sanko Steamship Co., Ltd. and Wah Kwong  
• Number of Vessels in TI pool:  43
• Vessel Capacity: 200,000+ dwt
  
• Charter Profile:  Primarily trade in spot market 
  
• OSG’s Industry Viewpoint
  
• Trading Routes Map