Overseas Shipholding (OSG) says it will suspend quarterly dividend payments, the latest step by...

|About: Overseas Shipholding Group,... (OSGB)|By:, SA News Editor

Overseas Shipholding (OSG) says it will suspend quarterly dividend payments, the latest step by the shipper to preserve liquidity. OSG has posted significant losses, as a slump in tanker rates has hurt its top line; high fuel costs also have pressured profitability. Shares -11.2% premarket.