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Business Wire (Free subscription) | 11/24/2009
NEW YORK--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, announced today that Morten Arntzen, President and Chief Executive Officer, will present at the FBR Capital Markets 2009 Fall Investor Conference on Tuesday, December 1, 2009 at 10:00 a.m. ET. The conference will be held in New York City. A live webcast...
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Business Wire (Free subscription) | 11/11/2009
NEW YORK--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, announced today that Myles Itkin, Executive Vice President and Chief Financial Officer, will present at the Oppenheimer 4th Annual Industrials Conference on Tuesday, November 17, 2009 at 10:15 a.m. ET. The conference will be held in New York City. A...
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Business Wire (Free subscription) | 11/05/2009
NEW YORK--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader in providing energy transportation services, today announced that it has commenced, through its wholly owned subsidiary OSG Bulk Ships, Inc., a New York corporation, the previously announced tender offer for all of the outstanding publicly-held common units (the “Units”) of OSG America...
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Business Wire (Free subscription) | 11/02/2009
NEW YORK--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader in providing energy transportation services, today reported results for the third quarter and nine months ended September 30, 2009. For the quarter ended September 30, 2009, the Company reported time charter equivalent (TCE1) revenues of $207.3 million, a 52% decline from $434.7 million in 2008. The...
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Business Wire (Free subscription) | 10/19/2009
NEW YORK--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader in providing energy transportation services, today announced that it plans to release third quarter 2009 earnings results before market open on Monday, November 2, 2009 and host a conference call the same day at 11:00 a.m. ET. All interested parties are invited to participate by calling (877) 941-8416...
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lloydslist.com (Free subscription) | 11/10/2009
Minority shareholders claim offer is “unfair and inadequate”
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lloydslist.com (Free subscription) | 11/02/2009
Overseas Shipholding Group crashes to third quarter net loss of $19.6m.
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lloydslist.com (Free subscription) | 11/02/2009
Overseas Shipholding Group sees $19.6m net loss during July to September period.
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lloydslist.com (Free subscription) | 11/02/2009
A LOAN of $299m drawn during the third quarter against a $389m facility granted by the Export-Import Bank of China is proving to be a cheaper alternative to the high-yield bond issues being launched by other shipping companies, Overseas Shipholding Group chief executive Morten Arntzen has said. The comment comes when shipping junk bond issues are ...
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lloydslist.com (Free subscription) | 10/22/2009
AMERICAN Shipping, the company that owns the series of 12 Aker Philadelphia product tanker newbuildings on bareboat charter to Overseas Shipholding Group, said changes to its bond agreements have allowed it to reclassify its debt as long-term, thereby alleviating pressure on its balance sheet.Breaches of equity covenants on an NKr700m ($126.1m) se...
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lloydslist.com (Free subscription) | 10/21/2009
BELGIAN tanker owner Euronav is in danger of having a double floating storage contract with Danish group Maersk Oil cancelled because of delays to conversion work.The Antwerp-based owner, in partnership with US co-owner Overseas Shipholding Group, is due to deliver two floating storage and offloading vessels to Maersk Oil’s Al Shaheen proje...
