OSG Archives - Page 3 of 3 - Maritime Shipping News

OSG reports profitable second quarter

7 August 2020

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/

OSG Wraps Up ATC Acquisition, Tanker Purchase

13 March 2020

Overseas Shipholding Group (OSG) completes the acquisition of Alaska Tanker Company (ATC).

https://worldmaritimenews.com/archives/292505/osg-wraps-up-atc-acquisition-tanker-purchase/

OSG Anticipates Reflagging Tanker Newbuilds Under U.S. Registry

3 October 2019

Overseas Shipholding Group has taken delivery of two Korean-built product tankers which the company anticipates will join the U.S. flag after an initial one-year charter. The two 50,000 DWT tankers, named Overseas Gulf Coast and Overseas Sun Coast, were delivered this week by Hyundai Mipo Dockyard...

http://feedproxy.google.com/~r/Gcaptain/~3/V8qkz62vQaM/

American Shipping Company ASA Reports Q4 Results

6 March 2019

On 28 February 2019, American Shipping Company ASA announced the results for fourth quarter ending 31 December 2018.

Report Highlights

Overseas Shipholding Group (“OSG”) exercised options to extend the bareboat charter agreements for all nine of AMSC’s vessels up for renewal
Stable Q4 bareboat revenue of USD 22.1 million and backlog of secured bareboat revenue of USD 302.7 million with average weighted tenor of 3.4 years
Normalized EBITDA for Q4 of USD 22.2 million
Adjusted net profit for Q4 of...

http://mfame.guru/american-shipping-company-asa-reports-q4-results/

Overseas Shipholding Group Enters New Bareboat Charter And Completion Of Refinancing

4 January 2019

Overseas Shipholding Group, Inc. (“OSG”), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced that it has entered into a Bareboat Charter Party Agreement with the owner of the vessel known as the Oregon Voyager. OSG will rename the 1999-built U.S. flagged product tanker the Overseas Key West and intends to use this vessel in the U.S. coastwise trade under the Jones Act. The Bareboat Charter extends for 10 years, into 2029. OSG...

https://www.marineinsight.com/shipping-news/overseas-shipholding-group-enters-new-bareboat-charter-and-completion-of-refinancing/

Overseas Shipholding Group Expects to Benefit from Improving Market

12 November 2018

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

https://worldmaritimenews.com/archives/264521/overseas-shipholding-group-expects-to-benefit-from-improving-market/

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