Overseas Shipholding Group Inc - Class A

NYSE: OSG
$6.06
-$0.02 (-0.3%)
Closing price April 25, 2024
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.
Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, you’d have to pay just...
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