Overseas Shipholding Group Inc. bondholders are digging in their heels over an estimated $2.2 million sum, a drop in the bucket in the ocean carrier's multibillion-dollar chapter 11 case, but one that investors say is worth the fight, Dow Jones Daily Bankruptcy Review reported today. Owners of Overseas Shipholding bonds claim that they are entitled to collect interest on the interest they didn't receive while the company worked through its financial problems. One of the world's largest operators of oil tankers, Overseas Shipholding says that it will pay investors everything they are owed when it comes out of bankruptcy, but the calculation doesn't include interest on interest.
