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United States

Overseas Shipholding Group Inc (OSG)

OSG on New York Consolidated

1.69USD
23 May 2019
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Latest Key Developments (Source: Significant Developments)

Overseas Shipholding Group Reports Q1 EPS Of $0.04
Thursday, 9 May 2019 07:30am EDT 

May 9 (Reuters) - Overseas Shipholding Group Inc ::OVERSEAS SHIPHOLDING GROUP REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.04.Q1 REVENUE FELL 13.2 PERCENT TO $87.7 MILLION.  Full Article

Overseas Shipholding says Closing Of Term Loan Credit Facility Refinancing
Monday, 24 Dec 2018 10:52am EST 

Dec 24 (Reuters) - Overseas Shipholding Group Inc ::OVERSEAS SHIPHOLDING GROUP, INC. ANNOUNCES CLOSING OF TERM LOAN CREDIT FACILITY REFINANCING.CLOSED ON A FIVE-YEAR $325 MILLION TERM LOAN CREDIT FACILITY.UNITS OBTAINED NEW LOAN FACILITY TO REFINANCE, REPLACE EXISTING TERM LOAN FACILITY WITH JEFFERIES FINANCE CERTAIN OTHER LENDERS.NEW TERM LOAN REFINANCING BEARS INTEREST AT AN ANNUAL RATE EQUAL TO PREVAILING 30-DAY LIBOR PLUS A MARGIN OF 500 BASIS POINTS.NEW TERM LOAN REFINANCING IS SECURED BY ISSUED AND OUTSTANDING STOCK OF OBS.ALSO AMENDED ITS $75 MILLION SECURED ASSET-BASED REVOLVING LOAN FACILITY WITH WELLS FARGO BANK, N.A..AMENDMENT REDUCED MAXIMUM CREDIT LINE AVAILABLE UNDER WELLS FARGO LOAN FACILITY, EXTENDED TERM THROUGH AUGUST 2, 2019.AMENDMENT ALSO REDUCED NUMBER OF VESSELS SERVING AS COLLATERAL FOR OBS ABL FACILITY..  Full Article

American Shipping Co & OSG Jointly Says Extension Of All Tanker Charters
Monday, 10 Dec 2018 04:26pm EST 

Dec 10 (Reuters) - American Shipping Company ASA ::REG-AMERICAN SHIPPING COMPANY ASA : OSG & AMSC JOINTLY ANNOUNCE EXTENSION OF ALL TANKER CHARTERS.AMERICAN SHIPPING COMPANY - OSG HAS EXERCISED OPTIONS TO EXTEND ITS CHARTER AGREEMENTS WITH AMSC FOR NINE VESSELS CURRENTLY UNDER CHARTER FROM AMSC.AMERICAN SHIPPING CO-CHARTER AGREEMENTS FOR 5 OF VESSELS EXTENDED FOR ADDITIONAL 3-YEAR TERMS, COMMENCING FROM DECEMBER 2019 AND ENDING IN DEC 2022.AMERICAN SHIPPING COMPANY- CHARTER AGREEMENTS FOR FOUR VESSELS WERE EXTENDED FOR ONE-YEAR TERMS COMMENCING FROM DEC 2019 AND ENDING IN DEC 2020.ALL TEN BAREBOAT CHARTER AGREEMENTS WITH AMSC HAVE NOW BEEN EXTENDED FOR ADDITIONAL PERIODS.AMERICAN SHIPPING- CHARTER AGREEMENTS PROVIDE EACH ONE-YEAR OPTION IS ONLY USABLE ONCE, WHILE THREE- AND FIVE-YEAR OPTIONS ARE AVAILABLE INDEFINITELY.  Full Article

Overseas Shipholding Group Reports Q4 EPS From Continuing Operations $0.61
Friday, 9 Mar 2018 08:17am EST 

March 9 (Reuters) - Overseas Shipholding Group Inc ::OVERSEAS SHIPHOLDING GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.OVERSEAS SHIPHOLDING GROUP Q4 SHIPPING REVENUE FELL 19 PERCENT TO $92.8 MILLION.Q4 EARNINGS PER SHARE $0.61 FROM CONTINUING OPERATIONS.  Full Article

Overseas Shipholding Group Reports Q4 Earnings Per Share $0.61 From Continuing Operations
Friday, 9 Mar 2018 07:45am EST 

March 9 (Reuters) - Overseas Shipholding Group Inc ::Q4 EARNINGS PER SHARE $0.61 FROM CONTINUING OPERATIONS.‍ SHIPPING REVENUES FOR Q4 WERE $92.8 MILLION DOWN 19%​.‍ TIME CHARTER EQUIVALENT REVENUES FOR Q4 WERE $82.8 MILLION DOWN 24%​.  Full Article

Overseas Shipholding Expects To Recognize One-Time Non-Cash Tax Benefit Of About $40 Million In Q4
Thursday, 25 Jan 2018 05:30pm EST 

Jan 25 (Reuters) - Overseas Shipholding Group Inc ::OVERSEAS SHIPHOLDING SAYS EXPECTS TO RECOGNIZE ONE-TIME NON-CASH TAX BENEFIT OF ABOUT $40 MILLION IN Q4 OF FISCAL YEAR ENDED DEC 31, 2017 - SEC FILING.  Full Article

Overseas Shipholding Group Appoints Richard Trueblood as CFO
Monday, 4 Dec 2017 04:55pm EST 

Dec 4 (Reuters) - Overseas Shipholding Group Inc ::OVERSEAS SHIPHOLDING GROUP ANNOUNCES CFO APPOINTMENT.OVERSEAS SHIPHOLDING GROUP INC - RICHARD L. TRUEBLOOD WAS APPOINTED CHIEF FINANCIAL OFFICER ON DECEMBER 1, 2017.OVERSEAS SHIPHOLDING GROUP INC - TRUEBLOOD HAS BEEN SERVING AS OSG'S INTERIM CFO SINCE JULY.  Full Article

Overseas Shipholding Group reports Q3 loss per share $0.07 from continuing operations
Thursday, 9 Nov 2017 07:00am EST 

Nov 9 (Reuters) - Overseas Shipholding Group Inc :Overseas Shipholding Group Inc reports third quarter 2017 results.Q3 loss per share $0.07 from continuing operations.Q3 revenue fell 18.3 percent to $93.3 million.Qtrly ‍shipping revenues were $93.3 million , a decrease of 18.3 pct from $114.2 million in prior year quarter​.  Full Article

Overseas Shipholding Group posts Q2 earnings $0.04/shr from continuing operations
Wednesday, 9 Aug 2017 07:00am EDT 

Aug 9 (Reuters) - Overseas Shipholding Group Inc :Overseas Shipholding Group reports second quarter 2017 results.Q2 earnings per share $0.04 from continuing operations.Q2 revenue fell 18.7 percent to $96.2 million.Overseas Shipholding Group Inc says shipping revenues were $96.2 million for current quarter, a decrease of 18.7 pct from $118.4 million in prior year quarter.  Full Article

Overseas Shipholding names Richard Trueblood interim CFO
Thursday, 20 Jul 2017 08:15am EDT 

July 20 (Reuters) - Overseas Shipholding Group Inc :Overseas shipholding - on july 17, appointed richard l. Trueblood to serve as the company’s interim chief financial officer effective july 20.  Full Article