Thursday, October 3, 2019

OSG Sees Reflagging Tanker Newbuilds Under U.S. Ship Registry

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,...

October 3, 2019
Total Views: 72

Wednesday, August 1, 2018
Maritime News

OSG Orders New Jones Act Tank Barge at Gunderson Marine

U.S.-flag tanker company Overseas Shipholding Group announced Tuesday it has signed a shipbuilding contract Gunderson Marine for the construction of one 204,000 barrel capacity oil and chemical tank barge. The barge...

August 1, 2018
Total Views: 47

Tuesday, July 17, 2018

Overseas Shipholding Group Orders Two U.S.-Flag Tankers to Be Built in Korea

U.S.-flag tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) has signed shipbuilding contracts with Hyundai Mipo Dockyard in South Korea for the construction of two 50,000 dwt product chemical tankers....

July 17, 2018
Total Views: 44

Monday, January 23, 2017

SEC Charges OSG and Former CFO with Failure to Recognize $512 Million in Tax Liabilities

The Securities and Exchange Commission has charged U.S.-based shipping conglomerate Overseas Shipholding Group and its former chief financial officer Myles Itkin with failing to recognize approximately $512 million in tax...

January 23, 2017
Total Views: 7

Tuesday, December 20, 2016
osg tanker

OSG Names Samuel H. Norton as New President and CEO

US-flagged tanker company Overseas Shipholding Group, Inc. (NYSE:OSG) announced Tuesday that Samuel H. Norton will become president and CEO of the company effective December 29, 2016. Norton will succeed Ian...

December 20, 2016
Total Views: 48

Friday, August 7, 2015

OSG Investors Settle Lawsuit with Execs and Others

  By Nate Raymond NEW YORK, Aug 7 (Reuters) – Overseas Shipholding Group Inc investors have reached $16.25 million in settlements with the executives, underwriters and an auditor of the...

August 7, 2015
Total Views: 12

Thursday, January 22, 2015
OSG independence overseas shipholding group

OSG Appoints New President and CEO

Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) announced Thursday the appointment of Captain Ian T. Blackley as its new President and Chief Executive Officer, effective immediately.

January 22, 2015
Total Views: 12

Tuesday, July 1, 2014
Maritime News

US Oil Tankers Built on Spec Face Choppy Waters as Export Ban Eases

By Anna Louie Sussman NEW YORK, July 1 – U.S. ship builders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by...

July 1, 2014
Total Views: 3

Thursday, April 17, 2014
OSG independence overseas shipholding group
Maritime News

OSG Halts Foreign Investors While Sitting on the Edge of the Jones Act

Overseas Shipholding Group (OSG) announced today that the portion of it’s common stock owned by U.S. citizens stands at 77 percent as of 15 April 2014. In a press release...

April 17, 2014
Total Views: 2

Monday, April 7, 2014

Overseas Shipholding Approved to Sign $300 Million Equity Deal

Overseas Shipholding Group Inc. won court permission to sign a deal with its lenders that would raise $300 million from a share sale as part of the company’s plan to exit bankruptcy.

April 7, 2014
Total Views: 5

Saturday, February 15, 2014
Maritime News

OSG’s Tankers Are No Longer up for Auction

Euronav’s hopes of acquiring five OSG-owned VLCCs were dashed this week when OSG and their debtors came to an agreement to withdraw a previously-announced motion to auction off the ships....

February 15, 2014
Total Views: 5

Wednesday, February 5, 2014
euronav tanker maria
Maritime News

Euronav Places Bid for Five OSG Tankers

Euronav, the Belgian crude oil tanker company, has just bid for the acquisition of five tankers from Overseas Shipholding Group (OSG) as part of an asset sale auction by OSG’s...

February 5, 2014
Total Views: 27

Monday, January 13, 2014
overseas shirley tanker osg
Maritime News

OSG to Outsource Technical Ship Management

Overseas Shipholding Group, Inc. (OTC:OSGIQ) has announced today that V.Ships will now take on the role of technical manager for their entire fleet of internationally-flagged tankers, an agreement which is subject to...

January 13, 2014
Total Views: 17

Thursday, December 19, 2013

OSG’s Tax Liability $199 Million Less Than Previously Thought

Beleaguered tanker company Overseas Shipholding Group Inc. (OSG), saw today its stock jumping 36%, amid very heavy trading. The stock closed at $6.05 per share, up $1.60 for the day....

December 19, 2013
Total Views: 3

Tuesday, December 17, 2013

OSG Jones Act Tanker Secures Record-Breaking Charter

A Jones Act tanker was recently chartered for six months at a record high rate of $110,000 per day, market sources said, the latest sign of how surging U.S. crude production is squeezing the niche market for U.S.-flagged vessels.

December 17, 2013
Total Views: 9

Thursday, April 4, 2013
Myles Itkin osg

OSG’s Long-Time Chief Financial Officer Sacked

New York-based tanker company Overseas Shipholding Group announced last night that it has, in effect, fired its Chief Financial Officer and Treasurer, Mr. Myles R. Itkin, a man who has...

April 4, 2013
Total Views: 16

Friday, March 1, 2013

Capital Product Partners To Keep Tankers Chartered To OSG at a Discount

(Reuters) – Ship owner Capital Product Partners LP said it would continue to lease three of its product tankers to Overseas Shipholding Group Inc, which has filed for bankruptcy protection,...

March 1, 2013
Total Views: 0

Thursday, February 28, 2013

Capital Product Partners L.P. Reaches Conditional Agreement With Overseas Shipholding Group Regarding Long Term Charters of Three Product Tankers

ATHENS, GREECE–(Marketwire – Feb 28, 2013) – Capital Product Partners L.P. (the “Partnership” or “CPLP”) (NASDAQ: CPLP) has reached a conditional agreement with Overseas Shipholding Group Inc. (“OSG”) and certain of...

February 28, 2013
Total Views: 0

Wednesday, February 13, 2013

IRS Seeks $463 Million in Taxes From Overseas Shipholding Group

Overseas Shipholding Group Inc., the largest U.S. tanker operator, owes $463 million in U.S. taxes, the Internal Revenue Service said. The bankrupt company’s bonds plunged. Details of the alleged debt...

February 13, 2013
Total Views: 2

Monday, February 11, 2013

OSG Chief Executive Morten Arntzen Resigns

It’s been a tumultuous few months for the largest US-based tanker operator. Today, OSG’s President and CEO Morten Arntzen announced his resignation. Former Senior Vice President and Head of U.S....

February 11, 2013
Total Views: 19