OSG’s Sam Norton: “Our business plan is working”
“We made progress on all of our key objectives since our report for the second quarter,” said Sam Norton, president and CEO of Overseas Shipholding Group (NYSE: OSG) as the U.S.-flag tanker
Overseas Shipholding Group
OSG to buy and reactivate Alaskan Frontier
Tampa, Fla., headquartered Overseas Shipholding Group Inc. (NYSE:OSG) has reached an agreement with BP Oil Shipping Company, USA, to purchase the 2004-built U.S.-flag tank vessel Alaskan Frontier, a sister vessel to three
MARAD still seeks 10th ship for new Tanker Security Program
The U.S. Maritime Administration (MARAD) has announced that nine ships have now been enrolled in the Tanker Security Program (TSP). The Fiscal Year (FY) 2021 National Defense Authorization Act (NDAA), with minor
OSG: The year starts well
“The year has started well at OSG,” said president and CEO Sam Norton, as Tampa, Fla. headquartered tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported results for the first
Three OSG products tankers get Tanker Security Program contracts
Tampa, Fla., headquartered Overseas Shipholding Group (NYSE: OSG) has been awarded operating agreements under the Tanker Security Program (TSP), administered by the Maritime Administration. The three are OSG’s medium range tankers Overseas
OSG reports profitable second quarter
Tampa, Fla., headquartered U.S.-flag tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) today reported results for the second quarter 2022. Highlights included: “A return to profitability is perhaps the most
Saltchuk suspends discussions with OSG
In a filing with the SEC, Saltchuk Holdings says that it has informed Jones Act tanker and ATB operator Overseas Shipholding Group Inc. (NYSE: OSG) that it is suspending discussions of a
OSG takes delivery of second 204,000 barrel barge
The Greenbrier Gunderson shipyard in Portland, Ore., has now delivered the 204,000 barrel capacity oil and chemical tank barge OSG 205, to Overseas Shipholding Group, Inc. This is the second tank barge
OSG secures $49.1 million loan for Jones Act ATB project
Overseas Shipholding Group, Inc. (NYSE: OSG) reports that it has closed on a $49,150,000 loan for a term of seven years. OSG’s subsidiaries, OSG 205 LLC and OSG Courageous II LLC, obtained
OSG reports profitable second quarter
U.S.-flag tank vessel operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported second quarter results that included net income of $6.4 million, compared with a net loss of $1.7 million for the second