Welcome to our dedicated page for Overseas Shipholding Group news (Ticker: OSG), a resource for investors and traders seeking the latest updates and insights on Overseas Shipholding Group stock.
Overseas Shipholding Group Inc (OSG) maintains its position as a leader in energy transportation through strategic operations and safety-focused marine shipping solutions. This page serves as the definitive source for OSG-related developments, offering investors and industry professionals timely access to official updates.
Find comprehensive coverage of operational milestones including contract announcements, fleet management updates, and regulatory compliance achievements. Our curated collection features earnings reports, partnership disclosures, and strategic initiatives that demonstrate OSG's role in global petroleum logistics.
All content is verified through primary sources to ensure accuracy while maintaining neutrality. Regular updates provide insights into how OSG navigates market dynamics through its U.S. Flag fleet operations and long-term client relationships.
Bookmark this page for streamlined tracking of OSG's progress in crude oil transportation and refined product delivery. Check back frequently to stay informed about developments impacting the energy shipping sector.
Overseas Shipholding Group (NYSE: OSG) will hold its Annual Meeting of Stockholders virtually on June 1, 2022, at 9:30 a.m. ET. Shareholders can participate via a dial-in number or listen to a live webcast on the company's website. Voting can be done online or by phone, with instructions provided in the Proxy Statement. Updates will be available post-meeting, including an audio replay from June 1 at 11:00 a.m. ET until June 8. The company operates a fleet of U.S. Flag vessels for energy transportation, emphasizing quality and safety standards.
Overseas Shipholding Group (NYSE: OSG) reported a successful first quarter of 2022, with shipping revenues reaching $104.0 million, marking a 28.0% increase year-over-year. The net loss narrowed to $509 thousand (or $(0.01) per diluted share), compared to a loss of $15.9 million in Q1 2021. Time charter equivalent revenues improved to $93.9 million, up 43.4% from the previous year, and Adjusted EBITDA soared to $25.4 million, a significant recovery from the prior year. The company is on track to fully return its vessels to service by June 2022.
Overseas Shipholding Group, Inc. (NYSE: OSG) will release its first quarter results on May 9, 2022, before market opens. A conference call will follow at 9:30 a.m. ET on the same day, accessible at (844) 200-6205 for domestic and (929) 526-1599 for international participants. An audio replay will be available for a week post-call. OSG specializes in energy transportation for crude oil and petroleum products, operating a fleet of 22 vessels in the U.S. Flag market.
Overseas Shipholding Group (NYSE: OSG) reported its fourth quarter and full-year 2021 results, revealing shipping revenues of $95.5 million for Q4, up 1.6% from Q3 but down 2.1% year-over-year. The net loss for Q4 was $3.7 million, an improvement from the previous quarter's $16 million loss. For the full year, shipping revenues fell 14.2% to $359.1 million, with a significant net loss of $46.3 million compared to a profit of $30 million in 2020. Total cash stood at $83.3 million by year-end. The company remains optimistic about 2022 due to tightened vessel availability and emerging trading opportunities.
Overseas Shipholding Group (NYSE: OSG) announced the release of its fourth quarter and full year 2021 results on March 9, 2022, before market opens. A conference call is scheduled for 9:30 a.m. ET on the same day to discuss these results. Callers can join by dialing (844) 850-0546 domestically or (412) 317-5203 internationally. A live webcast will also be available on the company’s website. OSG operates a fleet of 22 U.S. Flag vessels, focusing on energy transportation services for crude oil and petroleum products.
Overseas Shipholding Group, Inc. (NYSE: OSG) will host a conference call on December 14, 2021, at 10:00 a.m. ET to discuss its recent decisions regarding bareboat charter agreements. The company has opted to extend two charters with American Shipping Company ASA while declining to extend three others. This strategic move indicates OSG's focus on optimizing its fleet operations in the energy transportation sector.
For access to the call, participants can dial (844) 850-0546 domestically or (412) 317-5203 internationally. A live webcast will also be available on the company's website.
Overseas Shipholding Group (NYSE: OSG) announced it has extended bareboat charter agreements for two vessels with American Shipping Company ASA for one additional year, while opting not to extend agreements for three vessels. The extensions last from December 2022 to December 2023, allowing OSG to maintain seven leased vessels. The decision to not extend certain charters reflects a strategy to diversify its portfolio and reduce financial obligations amidst market volatility. CEO Sam Norton emphasized the focus on higher and stable returns from niche markets.
Overseas Shipholding Group (NYSE: OSG) reported a net loss of $16.0 million for Q3 2021, a decline from $0.7 million in Q3 2020. Shipping revenues totaled $94.0 million, down 11.1% year-over-year but up 6.3% from Q2 2021. Time Charter Equivalent (TCE) revenues decreased 18.3% to $75.4 million compared to Q3 2020. Adjusted EBITDA was $12.2 million, a 44.1% decrease from the previous year. The company refinanced $325 million in loans, improving liquidity and extending debt maturities.
Overseas Shipholding Group (OSG) has announced plans to release its third quarter results on November 9, 2021, before market opens. A conference call to discuss these results will take place at 10:00 a.m. ET on the same day, where participants can join by dialing the provided numbers. Additionally, a live webcast will be accessible via OSG's website. An audio replay will be available post-call. OSG specializes in energy transportation services within the U.S. Flag markets, operating a fleet of 22 vessels.
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