Overseas Shipholding Group Inc - Class A specializes in operating a fleet of vessels that transport crude oil and petroleum products, primarily under the United States flag. With a history dating back to 1948 and based in Tampa, Florida, the company plays a crucial role in the maritime industry. It owns or operates 21 vessels, boasting a combined capacity of about 1.5 million deadweight tons. Its services cater to a diverse clientele, including independent oil traders, refinery operators, and various government entities, both in the U.S. and internationally.
ThinkstockOverseas Shipholding Group Inc. (NYSE: OSG) has just fallen on its sword. We recently named the next penny stocks and this was one of the companies we warned could easily fall into that…
Jon C. Ogg ThinkstockSome companies are in real trouble. Some are under severe industry pressure, and some are just faltering due to missteps and bad luck. With the economy remaining weak and with the markets…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research notes this Tuesday. AMC Networks Inc. (NASDAQ: AMCX) cut to Neutral at JPMorgan. Amgen Inc.…
The three major U.S. stock indexes opened mixed this morning with the S&P 500 and the DJIA slightly lower and the Nasdaq slightly higher. In Asia Japan’s trade deficit was wider than…
Oil and petroleum products shipper Overseas Shipholding Group Inc. (NYSE: OSG) filed a document with the Securities and Exchange Commission this morning indicating that the company is “evaluating its strategic options, including…
Paul Ausick Photo by Spencer Platt/Getty ImagesThe stock market is mixed Monday, with the Dow Jones Industrial Average down 0.04%, The Nasdaq up 0.24% and the S&P 500 up 0.05%. Today’s sole winner is…
Last week’s decision by OPEC to continue to produce crude oil at the cartel’s official quota level of 30 million barrels/day had the knock-on effect of emboldening tanker operators to raise shipping…
The world of shipping dry goods, sea containers, and oil and commodities has been in a very strange place so far in 2012. Dividend investors need to start evaluating whether or not…
Overseas Shipholding Group, Inc. (NYSE: OSG) has filed to raise capital in a $500 million securities shelf registration statement with the Securities and Exchange Commission. While not imminent, it will allow the shipping…
Jon C. Ogg Crude oil futures rose sharply today on hopes that Europe can shake its economic woes now that the Greek parliament has agreed to adopt strict new austerity measures. Whether that pans out…
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Apollo Group Inc. (NASDAQ: APOL) Reiterated Buy and raised price…
An over-supply of product leading to a steep drop in price has claimed another victim. No, this is not a story about a solar PV maker, but about shipping, where ships that…
No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all way down…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Buy at Auriga.…
It is hard to call the market weak right now even if today was a mixed day. We have seen a meteoric rise from the bottom. So what happens when you see…
