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 quarter of 2019. Shipping revenues were $114.5 million, up 29.5% compared with last year’s second quarter 2019. Time charter equivalent (TCE) revenues were $100.4 million, up 22.3% compared with the second quarter of 2019.
“Under the continuing disruptive influence of the COVID-19 pandemic, it...
https://www.marinelog.com/shipping/markets/osg-reports-profitable-second-quarter/