February 05, 2013
Troubled oil tanker giant Overseas Shipholding Group Inc. won approval Tuesday for debtor-in-possession financing packages that earmark a total of $25 million to keep portions of its fleet up and running during its restructuring.
January 15, 2013
Overseas Shipholding Group Inc. asked a Delaware bankruptcy judge Monday to halt a series of putative class actions currently proceeding against its top brass in New York federal court, claiming the securities suits threaten to disrupt the shipping giant's Chapter 11 reorganization.
December 04, 2012
The U.S. Trustee on Monday balked at Overseas Shipholding Group Inc.'s bid for a waiver of a bankruptcy rule requiring bonds to safeguard debtor bank accounts, saying the troubled oil tanker company hasn't justified the exception for accounts worth $320 million.