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...Analysts warned that the tax issue hanging over OSG could complicate its bankruptcy Morten Arntzen, OSG’s chief executive, said the filing was the “best option” available to the board....
...Morten Arntzen, OSG’s chief executive, said the markets were “extremely difficult” as a combination of overcapacity and a slowdown in global demand hit spot rates....
...Morten Arntzen, chief executive of the Connecticut-based company, attributed the year’s $193m net loss to “another tough year” in international tanker markets....
...“Our international flag tanker markets deteriorated further in the third quarter as new deliveries outpaced the market’s ability to absorb them,” said Morten Arntzen, chief executive....
...Morten Arntzen, chief executive of Overseas Shipholding Group, said the most vulnerable companies were those that had entered the downturn with significant ship orders under way and poor corporate governance...
...Morten Arntzen, chief executive of OSG, a tanker company, counters: “Transportation is a really minuscule part of the delivery cost of gasoline....
...“There is increased demand for storage options on ships in and around the Gulf,” says Morten Arntzen, chief executive of Overseas Shipholding Group, a US tanker company....
...The comments by Morten Arntzen, chief executive of New York-listed Overseas Shipholding Group, come amid a glut of sharp profit falls for the large tanker operators....
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