OSG

Overseas Shipholding Group (OSG) Pledges $90,000 for Women of Maritime at SUNY Maritime College

Retrieved on: 
Wednesday, June 14, 2023
Other Manufacturing, Other Transport, Maritime, Other Energy, Transport, Oil, Gas, Professional Services, Manufacturing, Energy, DEI (Diversity, Equity and Inclusion), Overseas Shipholding Group, Workforce, Partnership, College, Mess, Woman, Empire, Empire State VII, State University of New York Maritime College, UTB, Organization, SUNY, OSG, Engineering, Fort Schuyler, Female, Nursing, Shipbuilding

In an effort to make strides in reducing the gender gap in the maritime industry and create equal opportunities for all, Overseas Shipholding Group announces its support for the women at SUNY Maritime College with a three-year pledge totaling nearly $90,000.

Key Points: 
  • In an effort to make strides in reducing the gender gap in the maritime industry and create equal opportunities for all, Overseas Shipholding Group announces its support for the women at SUNY Maritime College with a three-year pledge totaling nearly $90,000.
  • The funding will go towards scholarships for women and a student government organization at the college, Women of Maritime, which cadets launched to build community and bring more awareness to the maritime career path.
  • SUNY Maritime College is located at Fort Schuyler, a preserved 19th-century fortification in the New York City borough of the Bronx .
  • Through partnerships with organizations like SUNY Women in Maritime and Women Offshore, OSG believes that industry-wide action will achieve a better balance of diversity and enhance maritime culture.

OSG Crews Conduct Two Rescues at Sea in 18-Hour Span

Retrieved on: 
Wednesday, June 7, 2023
Other Transport, Other Manufacturing, Maritime, Transport, Law Enforcement, Emergency Services, Oil, Gas, Public Policy, Government, Manufacturing, Energy, Overseas Shipholding Group, Life, Professional, Person, Gulf of Mexico, Water, Atlantic Ocean, OSG, Ethics, Weather, Empathy, Shipbuilding

Sam Norton, OSG’s President and Chief Executive Officer, stated, “I have been involved directly or indirectly in eight or ten rescues at sea in over 40 years.

Key Points: 
  • Sam Norton, OSG’s President and Chief Executive Officer, stated, “I have been involved directly or indirectly in eight or ten rescues at sea in over 40 years.
  • I never imagined that in the course of 18 hours we would have two rescues in quick succession.
  • The human response to such developments is too often to diminish the significance of the latter of a series of events, their occurrence somehow becoming normalized.
  • The crew of the Overseas Santorini immediately diverted toward the vessel which was broadcasting a distress signal approximately 30 nautical miles away.

Overseas Shipholding Group Announces Annual Meeting of Stockholders Remote Participation

Retrieved on: 
Tuesday, June 6, 2023
Oil, Gas, Energy, Maritime, Logistics, Supply Chain Management, Transport, Communication, Q&A, Telephone, Annual, Annual Meetings of the International Monetary Fund and the World Bank Group, Overseas Shipholding Group, Internet, Access, OSG, Annual general meeting, NYSE, Security (finance), Shareholder

Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announces that its Annual Meeting of Stockholders (“Annual Meeting”) will be held virtually on Thursday, June 15, 2023 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 (“Annual Meeting”) will be held virtually on Thursday, June 15, 2023 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.
  • Please join ten minutes prior to the start of the meeting.
  • If you are having technical difficulties in joining the meeting, you should email [email protected] for assistance.

Overseas Shipholding Group Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 8, 2023
Maritime, Transport, Logistics, Supply Chain Management, Oil, Gas, Energy, Other Transport, Treasury, Lightering, TCE, American Shipping Company, MARAD, Overseas Shipholding Group, Government, EBITDA, Tanker, Investment, Access, Page Eight, OSG, NYSE, Video game, Beauty salon, Airline

Flag markets, today reported results for the first quarter of 2023.

Key Points: 
  • Flag markets, today reported results for the first quarter of 2023.
  • Shipping revenues for the first quarter of 2023 were $113.8 million, an increase of $9.8 million from the first quarter of 2022.
  • First quarter 2023 Adjusted EBITDA(B), a non-GAAP measure, was $40.9 million, an increase of $15.5 million, or 61.0%, from the first quarter of 2022.
  • The Company will host a conference call to discuss its first quarter 2023 results at 9:30 a.m. Eastern Time (“ET”) on Monday, May 8, 2023.

Overseas Shipholding Group Announces the Release of its Sustainability Report

Retrieved on: 
Thursday, May 4, 2023
Environment, Maritime, Transport, Oil, Gas, Professional Services, Sustainability, Energy, Environmental, Social and Governance (ESG), Logistics, Supply Chain Management, Sustainability reporting, Corporate governance, Overseas Shipholding Group, Carbon, Report, Investment, OSG, NYSE

Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has published its annual Sustainability Report.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has published its annual Sustainability Report.
  • The Sustainability Report can be found on the Company’s website at www.osg.com/safety-environment .
  • The Sustainability Report also announces goals to reduce the carbon emissions of OSG’s fleet, describing operational efficiencies, investments, and collaboration efforts that will add up to meaningful reductions.
  • The Sustainability Report is issued in conjunction with the Company’s Annual Report and Proxy Statement, which together present a collective view of the Company’s performance and activities.

Overseas Shipholding Group to Announce First Quarter 2023 Results on May 8, 2023 - Correction to Share Repurchase Announcement

Retrieved on: 
Friday, April 28, 2023
Maritime, Energy, Transport, Oil, Gas, Overseas Shipholding Group, Share repurchase, NYSE, Access, OSG

Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announced today that it plans to release first quarter results before the market opens on Monday, May 8, 2023.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announced today that it plans to release first quarter results before the market opens on Monday, May 8, 2023.
  • The Company will host a conference call to discuss its first quarter 2023 results at 9:30 a.m. Eastern Time (“ET”) on Monday, May 8, 2023.
  • To access the call, participants should dial (844) 200-6205 for US callers and (929) 526-1599 for international callers and enter Access Code 874877.
  • Information on shares acquired under the share repurchase program will be included in the Company’s earnings release and earnings conference call on May 8, 2023.

Valorem Announces Appointment of Sir Samuel Jonah as Senior Advisor

Retrieved on: 
Thursday, April 13, 2023
Valorem, KBE, DRC, Equinox, Interim, CSE, University, Adisadel College, Bank, Ashanti, Engineering, London Stock Exchange, X37, Kabali, Barrick Gold, FSE, Vodafone, Sale, Equinox Minerals, Australian Agricultural Company Mine Manager's House, Camborne School of Mines, National academy, University of Cape Coast, Gold, Mining, Helios Towers, OSG, Ashanti Goldfields Corporation, Knowledge, Growth, Standard Bank, Commonwealth, Barrick, Imperial College London, Moto Gold Mines, Science, Randgold Resources

Sir Samuel Jonah has significant experience and expertise in the global mining sector, especially in Africa.

Key Points: 
  • Sir Samuel Jonah has significant experience and expertise in the global mining sector, especially in Africa.
  • Sir Samuel Jonah is currently the Chairman of Helios Towers, a leading independent telecoms infrastructure company, focused on Africa and the Middle East, listed on the London Stock Exchange.
  • Sir Samuel Jonah is the Chancellor of the University of Cape Coast, Ghana.
  • Tony Louie, Interim CEO and Director of Valorem, commented: "I am delighted to welcome Sir Samuel Jonah to Valorem as a senior advisor.

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

Retrieved on: 
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.