Overseas Shipholding awarded time charter contract from MSC

Overseas Shipholding Group announced that the Military Sealift Command has awarded the Overseas Mykonos, a vessel in OSG‘s fleet, a time charter contract to assist with the removal of fuel from the Red Hill Bulk Fuel Storage Facility in Hawaii and to provide ongoing fuel transportation services to MSC in support of our nation’s defense. The contract was awarded in a competitive bidding process in which twelve other proposals were submitted. The time charter awarded is for a 1-year base period with the MSC holding additional option periods to extend the contract out to a maximum period of five and one half years. The Overseas Mykonos will be delivered to MSC at Pearl Harbor in August. The Overseas Mykonos, built in 2010, is a medium range product tanker with 12 cargo tanks and a cargo capacity of 333,000 barrels. The ship has the ability to perform consolidated cargo replenishment at sea operations, providing flexibility and options for refueling the U.S. military fleet while underway. The Overseas Mykonos has also made other militarily useful modifications, including those to meet TRANSCOM requirements.