American Shipping Company

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 11, 2024
Maritime, Transport, Oil, Gas, Manufacturing, Energy, Other Manufacturing, OSG, Overseas Shipholding Group, Employment, Exploration, Webcast, American Shipping Company, Investment, TCE, Page Eight, Video game

Fourth quarter 2023 Adjusted EBITDA was $47.3 million, an increase of $3.6 million, or 8.4%, from the fourth quarter of 2022.

Key Points: 
  • Fourth quarter 2023 Adjusted EBITDA was $47.3 million, an increase of $3.6 million, or 8.4%, from the fourth quarter of 2022.
  • Shipping revenues for the fourth quarter of 2023 were $116.0 million, a decrease of $5.7 million, or 4.7%, compared to the fourth quarter of 2022.
  • TCE revenues for the fourth quarter of 2023 were $110.1 million, a decrease of $4.0 million, or 3.5%, compared to the fourth quarter of 2022.
  • Operating income for the fourth quarter of 2023 was $25.9 million compared to operating income of $20.4 million for the fourth quarter of 2022.

Overseas Shipholding Group Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Maritime, Transport, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Government, OSG, Page Eight, TCE, American Shipping Company, NYSE, Overseas Shipholding Group, Public expenditure, EBITDA, Merchant, Webcast, Boston, TSP, Video game, Cryptocurrency, Security (finance), Shipbuilding

Third quarter 2023 Adjusted EBITDA(A), a non-GAAP measure, was $48.1 million, an increase of $5.8 million, or 13.7%, from the third quarter of 2022.

Key Points: 
  • Third quarter 2023 Adjusted EBITDA(A), a non-GAAP measure, was $48.1 million, an increase of $5.8 million, or 13.7%, from the third quarter of 2022.
  • Shipping revenues for the third quarter of 2023 were $115.4 million, a decrease of $7.6, million, or 6.2%, from the third quarter of 2022.
  • Operating income for the third quarter of 2023 was $28.2 million compared to operating income of $22.4 million for the third quarter of 2022.
  • The Company will host a conference call to discuss its third quarter 2023 results at 9:30 a.m. Eastern Time (“ET”) on Monday, November 6, 2023.

Overseas Shipholding Group Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023
Defense, Oil, Gas, Other Defense, Other Manufacturing, Energy, Maritime, Transport, Manufacturing, TCE, American Shipping Company, Overseas Shipholding Group, Government, EBITDA, MSC, Page Eight, TSP, OSG, Webcast, NYSE, Department of Defence, Military Sealift Command, Video game, Cryptocurrency, Shipbuilding, Pacific Ocean

Shipping revenues for the second quarter of 2023 were $106.6 million, a decrease of $11.4 million, or 9.6%, from the second quarter of 2022.

Key Points: 
  • Shipping revenues for the second quarter of 2023 were $106.6 million, a decrease of $11.4 million, or 9.6%, from the second quarter of 2022.
  • Time charter equivalent (TCE) revenues(A), a non-GAAP measure, for the second quarter of 2023 were $100.1 million, a decrease of $3.1 million, or 3.0%, from the second quarter of 2022.
  • Second quarter 2023 Adjusted EBITDA(B), a non-GAAP measure, was $39.5 million, an increase of $8.0 million, or 25.4%, from the second quarter of 2022.
  • Operating income for the second quarter of 2023 was $20.3 million compared to operating income of $12.6 million for the second quarter of 2022.

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 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 Announces Charter Option Extensions for Vessels Leased from American Shipping Company

Retrieved on: 
Thursday, December 8, 2022
Maritime, Other Energy, Transport, Oil, Gas, Energy, Other Transport, OSG, Overseas Shipholding Group, Synthase, Risk, Jones Act, NYSE, Suezmax, AMSC, Oslo Stock Exchange, Safety, American Shipping Company, Flag of the United States, Airline, Oil, Security (finance)

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 Conference Call on Tuesday, December 14

Retrieved on: 
Monday, December 13, 2021
Maritime, Energy, Transport, Oil, Gas, American Shipping Company, NYSE, Overseas Shipholding Group, Exercise, Synthase, Flag of the United States, Jones Act, OSG, Safety, AMSC, Oslo Stock Exchange, Investor relations, Airline, Oil

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.
  • To access the call, participants should dial (844) 850-0546 for domestic callers and (412) 317-5203 for international callers.
  • A live webcast of the conference call will be available from the Investor Relations section of the Companys website at www.osg.com .
  • 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 Charter Option Decisions for Vessels Leased from American Shipping Company

Retrieved on: 
Friday, December 10, 2021
Other Transport, Other Manufacturing, Maritime, Other Energy, Transport, Oil, Gas, Manufacturing, Energy, Logistics, Supply Chain Management, AMSC, Overseas Shipholding Group, CEO, American Shipping Company, Forward-looking statement, Oslo Stock Exchange, Flag of the United States, Company, Investor relations, Jones Act, Safety, Risk, Exercise, SEC, Carbon, OSG, NYSE, Private Securities Litigation Reform Act, Synthase, Uncertainty, Airline, Oil, Security (finance)

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 two vessels, and that it will not be exercising extension options for three other vessels.
  • The two bareboat charter extensions provide for additional one-year terms, commencing in December 2022 and ending in December 2023.
  • 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.