TUG meaning in Business ?

Answer: What is Maritrans, Inc. mean?

Overseas Shipholding Group, Inc. (OSG - Overseas Shipping Group) (NYSE: OSG) is the operator of a fleet of twenty-four oil tankers and oil tug-barges. It is based in Tampa, Florida, United States, and was founded in 1948.

In 1969, under the leadership of Raphael Recanati, OSG began acquiring tanker ships to transport oil from Alaska to the lower 48 US states.

In the 1990s, OSG began to acquire luxury cruise liners. In 1995, the cruise ships resulted in losses of over $12 million to OSG. As a result of the losses, Michael Recanati, the son of Raphael Recanati, was reported to have been forced to leave OSG.

OSG has offices in Tampa, Florida and Newark, Delaware with nearly 900 sea and shore-based employees.

The company filed for Chapter 11 bankruptcy in 2012 after the SEC accused CEO Morten Arntzen and CFO Miles Itkin of falsifying financial statements. In 2017, the company paid a $75,000 fine to the SEC to settle the securities fraud allegations. Former CFO Miles Itkin also paid a separate $75,000 fine. The executives were sued by OSG and agreed to pay a $16.25 million settlement in 2015.

reference

Full Form	Category
Technische Universität Graz (TUG), Graz University of Technology	Academic & Science
Technische Universit? Graz (TUG), Graz University of Technology	Academic & Science
Tuguegarao	Airport Code
Maritrans, Inc.	Business
The Ultimate Group	Business
The Upstream Group	Business
Troa User Group	Computing
Toronto Users Group	Computing
Technology Use Guide	Computing
Technical Council Working Group	Computing
To Us Greesers	General
The Ultimate Goddess	General
Transverse Upper Gracilis	General
The Understanding Group	General
Timeshare User Group	General
Teens United in God	General
Timed Up Go	General
Tivoli User Group	General
Take Use and Give	General
The User Group	General
THALANGAI	Indian Railway Station
TeX Users Group	Information Technology
The Unknown Gamer	Internet
Theory of Unstable Growth	Medical
Technical Users Group	Military and Defence
Timeshare Users Group	Networking
Tributary Unit Group	Networking
Tuguegarao, Philippines	Regional
Trillium Users Guide	Softwares