Overseas Shipholding Group

Hilco Corporate Finance Expands Its Special Situation and Restructuring Investment Banking Services with the Addition of Senior Managing Director, Richard S. Klein

Retrieved on: 
Thursday, April 20, 2023
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NEW YORK, April 20, 2023 /PRNewswire/ -- Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, has named Richard S. Klein a Senior Managing Director in its New York Office.

Key Points: 
  • NEW YORK, April 20, 2023 /PRNewswire/ -- Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, has named Richard S. Klein a Senior Managing Director in its New York Office.
  • Mr. Klein will further expand the range and experience of HCF's Special Situation and Restructuring Investment Banking services.
  • He is a distinguished and talented investment banking leader with wide experience in all aspects of complex distressed corporate financial restructurings.
  • Before joining HCF, Mr. Klein held senior positions in the restructuring and special situations investment banking practices of Raymond James, Miller Buckfire, and Jefferies.

Overseas Shipholding Group Announces Share Repurchase Program

Retrieved on: 
Friday, March 17, 2023
Oil, Gas, Mining, Minerals, Energy, Natural Resources, Other Manufacturing, Other Transport, Trucking, Rail, Maritime, Chemicals, Plastics, Transport, Logistics, Supply Chain Management, Manufacturing, Overseas Shipholding Group, Share repurchase, NYSE, OSG, Management, Bank, Cryptocurrency

Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that its Board of Directors has authorized a program to purchase up to ten million shares of the Company’s common stock.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that its Board of Directors has authorized a program to purchase up to ten million shares of the Company’s common stock.
  • Sam Norton, OSG’s President and CEO, stated, “Share repurchases remain one of several focus points for use of free cash flow generated by current and anticipated vessel operations.
  • Reauthorization of a share repurchase program by the OSG Board of Directors provides the Company with added flexibility to continuously evaluate opportunities to manage our available cash in manners that we believe will best serve our shareholders.”
    Under the program, the Company may repurchase shares from time to time in open market transactions (including the use of trading plans under SEC Rule 10b5-1) or in privately negotiated transactions.
  • The Company intends to fund the share repurchase program with excess cash.

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Thursday, March 9, 2023
Trucking, Maritime, Logistics, Supply Chain Management, Oil, Gas, Transport, Energy, Other Transport, Overseas Shipholding Group, TCE, OSG, Share repurchase, Page Eight, NYSE, American Shipping Company, Access, EBITDA, Investment, Treasury, Video game, Cryptocurrency, Shipbuilding, Airline

Shipping revenues for the fourth quarter of 2022 were $121.8 million, an increase of $26.3 million compared to the fourth quarter of 2021.

Key Points: 
  • Shipping revenues for the fourth quarter of 2022 were $121.8 million, an increase of $26.3 million compared to the fourth quarter of 2021.
  • Fourth quarter 2022 Adjusted EBITDA(B), a non-GAAP measure, was $43.6 million, an increase of $27.0 million, or 162.7%, from the fourth quarter of 2021.
  • TCE revenues were $114.1 million for the fourth quarter of 2022, an increase of $34.1 million, or 42.6%, from the fourth quarter of 2021.
  • Operating income for the fourth quarter of 2022 was $20.4 million compared to an operating loss of $1.9 million for the fourth quarter of 2021.

Overseas Shipholding Group to Announce Fourth Quarter and Full Year 2022 Results on March 9, 2023

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Tuesday, February 28, 2023
Chemicals, Plastics, Maritime, Oil, Gas, Transport, Manufacturing, Energy, Other Manufacturing, Access, NYSE, Overseas Shipholding Group, OSG, Internet service provider

Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announced today that it plans to release fourth quarter results before market opens on Thursday, March 9, 2023.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announced today that it plans to release fourth quarter results before market opens on Thursday, March 9, 2023.
  • The Company will host a conference call to discuss its fourth quarter and full year 2022 results at 9:30 a.m. Eastern Time (“ET”) on Thursday, March 9, 2023.
  • To access the call, participants should dial (844) 200-6205 for domestic callers and (929) 526-1599 for international callers and enter Access Code 076865.
  • ET on Thursday, March 9, 2023, by dialing (866) 813-9403 for domestic callers and (929) 458-6194 for international callers and entering Access Code 798578.

Overseas Shipholding Group Announces Charter Option Extensions for Vessels Leased from American Shipping Company

Retrieved on: 
Thursday, December 8, 2022
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Overseas Shipholding Group, Inc. (NYSE: OSG) (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S.
  • Flag markets, today announced that it has exercised options to extend its bareboat charter agreements with American Shipping Company ASA (Oslo Stock Exchange: AMSC / OTCQX: ASCJF) for six vessels.
  • With these extensions, seven vessels will continue on lease from AMSC six with maturity dates aligned to end in December 2026 and one with a maturity of 2025.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group Announces Share Repurchase

Retrieved on: 
Tuesday, November 15, 2022
Maritime, Transport, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Overseas Shipholding Group, Flag of the United States, Risk, Jones Act, NYSE, Suezmax, Safety, EBITDA, Health, Synthase, OSG, Security (finance)

Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that it has agreed to purchase five million shares of the Companys common stock from Cyrus Capital at a price of $2.86 per share for a total of $14,300,000.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that it has agreed to purchase five million shares of the Companys common stock from Cyrus Capital at a price of $2.86 per share for a total of $14,300,000.
  • The purchase is expected to be completed today, and will be paid out of OSGs excess cash.
  • The price paid in this share purchase equates to an enterprise value of roughly 4.5 times expected 2022 adjusted EBITDA, an implied valuation which we consider to be very attractive.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group to Announce Third Quarter 2022 Results on November 4, 2022

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Wednesday, October 26, 2022
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Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release third quarter results before market opens on Friday, November 4, 2022.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release third quarter results before market opens on Friday, November 4, 2022.
  • The Company will host a conference call to discuss its third quarter 2022 results at 9:30 a.m. Eastern Time (ET) on Friday, November 4, 2022.
  • To access the call, participants should dial (844) 200-6205 for domestic callers and (929) 526-1599 for international callers and enter Access Code 947417.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group to Announce Second Quarter 2022 Results on August 8, 2022

Retrieved on: 
Monday, August 1, 2022
Other Transport, Oil, Gas, Energy, Maritime, Transport, Access, NYSE, Flag of the United States, Synthase, Overseas Shipholding Group, Access code, OSG, Company, Jones Act, Safety, Video game, Oil

Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release second quarter results before market opens on Monday, August 8, 2022.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release second quarter results before market opens on Monday, August 8, 2022.
  • The Company will host a conference call to discuss its second quarter 2022 results at 9:30 a.m. Eastern Time (ET) on Monday, August 8, 2022.
  • To access the call, participants should dial (844) 200-6205 for domestic callers and (929) 526-1599 for international callers and enter Access Code 445428.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group Announces Share Repurchase Program

Retrieved on: 
Monday, June 13, 2022
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Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that its Board of Directors has authorized a program to purchase up to five million shares of the Companys common stock.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that its Board of Directors has authorized a program to purchase up to five million shares of the Companys common stock.
  • Under the program, the Company may repurchase shares from time to time in open market transactions (including the use of trading plans under SEC Rule 10b5-1) or in privately negotiated transactions.
  • The Company intends to fund the share repurchase program with excess cash.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group Announces Annual Meeting of Stockholders Remote Participation

Retrieved on: 
Thursday, May 12, 2022
Maritime, Energy, Transport, Oil, Gas, Telephone, OSG, Company, Annual general meeting, Flag of the United States, Q4, Annual, Internet, Meeting, Investor relations, Method, ATB, NYSE, Jones Act, Synthase, Communication, Safety, Overseas Shipholding Group, Q&A, Shareholder, Access, Annual Meetings of the International Monetary Fund and the World Bank Group

Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announces that its Annual Meeting of Stockholders will be held virtually on Wednesday, June 1, 2022 at 9:30 a.m. Eastern Time (ET).

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announces that its Annual Meeting of Stockholders will be held virtually on Wednesday, June 1, 2022 at 9:30 a.m. Eastern Time (ET).
  • Any stockholder wishing to participate in the Annual Meeting may do so by means of remote communication.
  • To participate in the Annual Meeting of Stockholders remotely, dial (844) 200-6205 for US/Canada callers and (929) 526-1599 for international callers and enter Access Code 885895.
  • An audio replay of the Annual Meeting of Stockholders will be available starting at 11:00 a.m.