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Strange wings on ring - OSC?


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I found this ring amongs a jumble of old mid-century costume jewelry, and as usual I am clueless. What first reminded me of a cross atop a tombstone (an unlikely badge if ever there was one), I can now see that it is supposed to be the bow of a ship, with the "cross" likely some sort of mast. Below are the initials OSC. Does anyone know what this might be for?

 

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OSC stands for Oregon Ship Building Corporation. They built Liberty Ships during WW II. I have a lapel pin with this design. World Champion Liberty Ship Builders September 1943 is stamped on the back of the pin. I would catagorize it as a production award. John

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