Search results for: Overseas Shipholding Group

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  • 23 January 2019
    Business & Finance

    OSG orders second 204,000 barrel oil and chemical articulated tug barge (ATB) at Gunderson Marine.

  • 27 November 2018
    Business & Finance

    Overseas Shipholding Group closed on a USD 27.5 million of financing from Wintrust Commercial Finance.

  • 2 October 2019
    Business & Finance

    Overseas Shipholding Group takes delivery of two 50,000 dwt product and chemical tankers in Korea.

  • 25 December 2018
    Business & Finance

    Overseas Shipholding Group has closed a five-year USD 325 million term loan credit facility.

  • 23 June 2016
    Business & Finance

    US tanker company Overseas Shipholding Group, Inc. has been approved by the New York Stock Exchange (NYSE) to transfer its stock listing to the NYSE from the NYSE MKT. The company’s common stock, which will continue to trade under the ticker symbol OSG, is expected to commence trading on the NYSE effective Tuesday, June 28, […]

  • 29 November 2016
    Business & Finance

    The ratings of NYSE-listed tanker owner and operator Overseas Shipholding Group, Inc. (OSG) have been downgraded in anticipation of the spin-off of its international business/subsidiary, International Seaways, Inc. (INSW), previously named OSG International, Inc, according to Moody’s rating agency. This includes a downgrade of the company’s Corporate Family Rating (CFR) to B3 from B2 and Probability of […]

  • 15 February 2016
    Business & Finance

    US tanker company Overseas Shipholding Group, Inc. has reached a final settlement with Proskauer Rose LLP and certain of its partners in connection with the previously disclosed lawsuit brought against that firm by the company. OSG said that as part of the settlement, Proskauer Rose LLP has agreed to release the claims it asserted against […]

  • 11 March 2019
    Business & Finance

    Overseas Shipholding Group ended the fourth quarter of 2018 with a loss of USD 5.2 million.

  • 9 August 2016
    Business & Finance

    New York-listed Overseas Shipholding Group (OSG), a provider of oceangoing energy transportation services, saw its net income for the second quarter drop to USD 29.9 million from the USD 58.4 million reported in the second quarter of 2015. For the first half of the year, the company’s net income decreased to USD 80 million from USD 101.3 million reported […]

  • 4 January 2019
    Business & Finance

    OSG entered into a bareboat charter deal with the owner of the 1999-built product tanker Oregon Voyager.

  • 10 May 2017
    Business & Finance

    US-based oil tanker company Overseas Shipholding Group (OSG) had a challenging start of the year reporting a slashed net income of USD 5.4 million for the quarter ended March 31, 2017, compared to USD 50.7 million a year earlier. However, net income for the prior year period included income from discontinued operations from International Seaways […]

  • 29 February 2008

    Overseas Shipholding Group, Inc., a market leader in providing energy transportation services, today announced that Maersk Oil Qatar AS has awarded two contracts to provide Floating Storage and Offloading (‘FSO’) services on the Al Shaheen field off shore Qatar.

  • 12 February 2013
    Business & Finance

    Overseas Shipholding Group, Inc. announced yesterday that Morten Arntzen has resigned as President and Chief Executive Officer and as a director of the Company. Captain Robert Johnston will serve as the President and Chief Executive Officer of the Company effective immediately. Mr. Johnston has been the Senior Vice President and Head of U.S. Flag Strategic […]

  • 7 March 2017
    Business & Finance

    NYSE-listed tanker owner and operator Overseas Shipholding Group (OSG) suffered a full-year net loss of USD 293.6 million in 2016, compared with a net income of USD 284 million seen in 2015.  Following the spin-off of the company’s businesses, a net loss from continuing operations for the full year 2016 was USD 1.1 million, compared with […]

  • 1 March 2016
    Business & Finance

    New York-listed Overseas Shipholding Group, a provider of oceangoing energy transportation services, posted a full-year net income for 2015 of USD 284 million, rising from USD 152.3 million for the full year 2014. Fourth quarter and full year 2015 time charter equivalent (TCE) revenues grew as well, reaching USD 234.4 million and USD 924.8 million, up by […]

  • 9 August 2017
    Business & Finance

    NYSE-listed Overseas Shipholding Group (OSG) has delivered lower earnings in the second quarter of 2017 mainly due to weakening spot markets. The company’s net income was at USD 3.2 million for the quarter ended June 30, 2017, compared to USD 29.8 million for the quarter ended June 30, 2016. Shipping revenues were USD 96.2 million for […]

  • 12 November 2018
    Business & Finance

    Overseas Shipholding Group (OSG) closed the first nine months of this year with improved earnings.

  • 2 June 2020
    Vessels

    U.S.- based tanker company Overseas Shipholding Group (OSG) has taken delivery of the OSG 204, a 204,000 barrel capacity oil and chemical tank barge, built by Greenbrier Marine, a division of The Greenbrier Companies. The Jones Act barge has been built in compliance MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions […]

  • 10 August 2015
    Business & Finance

    Investors in New York-headquartered oil tanker operator Overseas Shipholding Group Inc (OSG) are to receive USD 16.25 million in settlements from the company’s executives, underwriters and an audit firm in relation to 2012 bankruptcy and tax issues, Reuters reports. OSG’s executives will pay USD 10.5 million, the company’s underwriters, which include Goldman Sachs, Citigroup Inc, and  Deutsche Bank, agreed to […]

  • 18 July 2016

    New York City-based Overseas Shipholding Group on Friday said it intends to spin off its international business that includes four ownership interests in four liquefied natural gas carriers.

  • 10 August 2015
    Business & Finance

    Investors in New York-headquartered oil tanker operator Overseas Shipholding Group Inc (OSG) are to receive USD 16.25 million in settlements from the company’s executives, underwriters and an audit firm in relation to 2012 bankruptcy and tax issues, Reuters reports. OSG’s executives will pay USD 10.5 million, the company’s underwriters, which include Goldman Sachs, Citigroup Inc, and  Deutsche Bank, agreed to […]

  • 10 November 2017
    Business & Finance

    NYSE-listed Overseas Shipholding Group (OSG) managed to narrow its net loss to USD 6.3 million in the third quarter of this year from USD 98.7 million reported in the corresponding period of 2016.  Shipping revenues were USD 93.3 million for the quarter, down 18.3% compared with the third quarter of 2016. The decrease in shipping […]