OSG Acquires Heidmar Lightering

Overseas Shipholding Group Inc. (NYSE: OSG) has acquired the Heidmar lightering business of Heidmar Inc., a portfolio company of Morgan Stanley Capital Group, for approximately $41 million. The acquired business includes a fleet of four tankers and two workboats that provide crude oil lightering services to refiners, oil companies and trading companies. It will be renamed OSG Lighting. www.osg.com www.heidmar.com