Overseas Shipholding Group, Inc. (OSGB) - NYSEMKT
  • Dec. 7, 2011, 3:26 PM

    Shares of Overseas Shipholding (OSG -3.3%) sink after Moody's cuts the shipper two notches deeper into junk and left the door open for additional cuts. The ratings service notes weak fundamentals in the global tanker sector are hurting its liquidity.

    | Dec. 7, 2011, 3:26 PM
  • Nov. 29, 2011, 3:11 PM

    Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending it further into junk territory. The ratings agency is worried about Ship Finance's exposure to Frontline (FRO -7.2%), which recently crashed on liquidity fears. Also moving lower: TNK -5.3%. OSG -4.8%. PRGN -3.9%. DRYS -6.6%.

    | Nov. 29, 2011, 3:11 PM | 2 Comments
  • Oct. 11, 2011, 5:15 PM
    Owners of supertankers, losing money for a sixth consecutive quarter, likely will idle the most ships since the 1980s as they contend with a glut that's driven charter rates to the lowest in at least 14 years. And it may not be enough to end the slump: Forward freight agreements anticipate rates no higher than $13,819/day through 2013, far below breakeven.
    | Oct. 11, 2011, 5:15 PM
  • Oct. 6, 2011, 10:07 AM

    Overseas Shipping (OSG) drops 5.3% after Dahlman Rose cuts the tanker fleet operator to Sell. Dahlman sees an OPEC production cut on the way, an event that would hurt demand for OSG's services. The firm also expects overall tanker demand to remain weak through 2012.

    | Oct. 6, 2011, 10:07 AM
  • Sep. 13, 2011, 2:49 PM

    Transportation stocks are steady gainers on the day with all 20 stocks listed in the Dow Jones Industrial Transportation Average moving higher. Not getting left out of the party are shipping stocks (SEA +2.2%), led by OSG +9.2%, PRGN +4.2%, FRO +3.6% and DRYS +2.8%.

    | Sep. 13, 2011, 2:49 PM
  • Aug. 30, 2011, 1:06 PM

    Shipping stocks recover as the sector looks a little downtrodden to investors after a harsh 71% cut on the price target for Frontline (FRO +15.2%) by FBR Capital rocked  firms yesterday. Gainers in the sector include: OSG +4.8%, DRYS +3%, PRGN +4.8%.

    | Aug. 30, 2011, 1:06 PM | 1 Comment
  • Aug. 29, 2011, 10:18 AM

    FBR Capital slashes its PT on shares of Frontline (FRO -5%) to $8, as the firm's fleet of 70 tankers makes it tricky to steer through an industry slump. Potentially better-positioned rivals are posting healthy gains including DryShips (DRYS +6.2%), Overseas Shipholding (OSG +6.2%) and Seaspan (SSW +3.3%).

    | Aug. 29, 2011, 10:18 AM
  • Aug. 10, 2011, 7:52 AM

    FBR downgrades "high beta" tanker stocks OSG, FRO and GMR to Market Perform, saying the trio is vulnerable to macroeconomic risks which could "depress demand and slow the tightening of the tanker market." Converesly, firm upgrades NAT to Outperform, lauding its "healthy dividend yield, firm fiscal footing, and disciplined management." FRO -2.5% premarket.

    | Aug. 10, 2011, 7:52 AM | 2 Comments
  • Aug. 3, 2011, 11:40 AM

    Shipping stocks take a beating as overcapacity, slow demand and price cuts on large commodity transports kick in to pressure profits. Analysts at Deutsche and Jefferies add to the negative mix with sector downgrades. Select shipping stocks faltering: OSG -6.1% DRYS -4.2% NM -5.8% PRGN -3.6% DSX -1.9%.

    | Aug. 3, 2011, 11:40 AM | 2 Comments
  • Mar. 9, 2011, 1:53 PM
    Credit Suisse sees a stock opportunity in Libya's chaos: Overseas Shipbuilding Group (OSG +1.3%) has tankers in the right place at the right time and could benefit as the rates paid to shippers rise. Disruptions in Libyan oil shipments means Europe will depend increasingly on oil deliveries from West Africa and the Arabian Gulf.
    | Mar. 9, 2011, 1:53 PM | 2 Comments
  • Feb. 3, 2011, 3:25 PM
    The plunge in the Baltic Dry Index says more about overcapacity in the tanker industry than the direction of the world economy. A JP Morgan analyst sees demand for space growing at a healthy 8.1% this year, but capacity growing even faster. BALT -0.5%. DSX +0.7%. SEA +0.04%.
    | Feb. 3, 2011, 3:25 PM | 1 Comment
  • Jan. 28, 2011, 4:48 PM

    Shares of tankers and shippers surged today as investors bet on a shutdown of the Suez Canal: GMR +10.3%, FRO +7.7%, OSG +6%. But Dennis Gartman has his eye on the entire Middle East, with early unrest in Yemen and potentially spreading to oil-rich Iran. He thinks Canada could benefit, with Suncor Energy (SU +3%) the "best play" on Canadian oil.

    | Jan. 28, 2011, 4:48 PM | 1 Comment
  • Nov. 2, 2010, 6:53 AM
    Overseas Shipholding (OSG): Q3 EPS of -$0.89 beats by $0.17. Revenue of $260M (+6.7%) vs. $233M. (PR)
    | Nov. 2, 2010, 6:53 AM
  • Nov. 2, 2010, 12:05 AM

    Notable earnings before Tuesday's open: ABC, ADM, AMSC, BBG, BP, CAB, CAM, CFN, CLX, CVLT, DGI, DTG, EME, EMR, EMS, EXPD, FDP, GAS, GET, GWR, HAR, HCP, IPXL, JOE, K, KDN, MA, MD, MHS, MLM, MMP, MPEL, MRO, NEM, NUS, NYX, OSG, OZM, PFE, PRGO, RBA, RDC, SHOO, SPR, TEVA, THC, TLM, UAM, VNO, VSH, WST

    | Nov. 2, 2010, 12:05 AM
  • Jul. 21, 2010, 8:53 AM

    JPMorgan updates its ratings on tanker companies, upgrading Frontline (FRO +2.7%), Overseas Shipholding (OSG +1.4%) and General Maritime (GMR +2.7%), and downgrading Tsakos Energy Navigation (TNP -1.7%), Ship Finance International (SFL -3.1%) and Capital Product Partners (CPLP).

    | Jul. 21, 2010, 8:53 AM
  • Mar. 5, 2010, 9:00 AM

    Premarket gainers: ITMN +81%. AIB +13%. TIVO +8%. IRE +6%. CPBY +6%. GNVC +4%. AGT +4%.
    Losers: GPRE -6%. CNXT -6%. NG -5%. OSG -4%.

    | Mar. 5, 2010, 9:00 AM
Company Description
Overseas Shipholding Group, Inc. engages in the business of providing energy transportation services for crude oil and petroleum products in the U.S. and international flag markets. It operates through two business units: U.S. Flag unit operates through its subsidiary OSG Bulk Ships, Inc. and... More
Sector: Services
Industry: Shipping
Country: United States