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

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.
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