Saltchuk Resources completed the acquisition of Overseas Shipholding Group for $950m.

Saltchuk Resources, a family of transportation and distribution companies, completed the acquisition of Overseas Shipholding Group, a provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products, for $950m. “With OSG, Saltchuk now numbers more than 8.5k people who share one thing in common: every day we strive to safely, responsibly, and reliably perform our services. As with our other businesses, OSG will remain standalone and independently managed. We look forward to working alongside the OSG team as we move forward together,” Mark Tabbutt, Saltchuk Chairman.