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Overseas Shipholding Group, Inc. (OSGB)

- NYSEMKT
  • Dec. 29, 2014, 5:42 PM
    • Top gainers, as of 5:15 p.m.: AREX +7.1%. ECR +7.1%. CDE +5.0%. EPE +3.9%. ECYT +3.6%.
    • Top losers, as of 5:15 p.m.: OSGB -5.5%. RNET -5.1%. MDU -3.4%. GTI -3.2%REXX -3.02%.
    | 1 Comment
  • Dec. 26, 2014, 1:03 PM
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  • Sep. 23, 2013, 2:40 PM
    • Shares of Overseas Shipholding (OSGIQ.PK -36.6%) collapse after the company released a presentation detailing its 5-year outlook assist facilitation of its Chapter 11 proceedings.
    • The encumbered company sees positive pre-tax vessel cash flows for its U.S. operations through 2015, but negative flows of $73M and $113M in 2016 and 2017 on the back of $460M in new construction costs. It expects U.S. operations to float to break-even in 2018.
    • The company sees better results in its international division, with pre-tax vessel cash flows rising from $25M in 2013 to $185M in 2018 with no new constructions planned.
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  • May. 13, 2013, 12:16 PM
    Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is forcing exporters, who used to ship oil to U.S. markets, to find new customers on different trade routes, FT reports. A 10% jump in the number of oil-ton miles comes even as the volume of oil traded has flatlined, good news for tanker companies such as Frontline (FRO +8.6%) and Overseas Shipholding (OSGIQ.PK +3.3%).
    | 2 Comments
  • Nov. 14, 2012, 8:22 AM
    Overseas Shipholding (OSG) files for Chapter 11 bankruptcy protection. The world's no. 2 independent tanker operator has been struggling to plug a $300M shortfall in its $1.5B fully drawn revolving credit facility, and warned last month that it may have to seek bankruptcy protection. OSG -61% premarket; FRO +10.2%.
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  • Oct. 26, 2012, 4:05 PM
    Tank-barge operator Kirby Corp. (KEX +5.5%) will replace bulk shipper Overseas Shipholding Group (OSG -5.4%) in the Dow Jones Transportation Average after the close of trading on Monday. The index change is being done because OSG announced earlier this week it is evaluating strategic options, including a potential Chapter 11 and certain previously issued financial statements shouldn't be relied on.
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  • Oct. 26, 2012, 9:28 AM
    Carrizo Oil & Gas (CRZO) +5% premarket on news the stock will replace Overseas Shipholding Group (OSG) in the S&P SmallCap 600 index after the close of trading on Oct. 29.
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  • Oct. 23, 2012, 3:58 PM
    Overseas Shipholding (OSG +21.1%) shares bounce back somewhat after yesterday's precipitous fall, but they're chopped in half since Friday's close. OSG warned it's evaluating strategic options, including potential bankruptcy protection, and said several previous financial statements shouldn't be relied on.
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  • Oct. 23, 2012, 12:45 PM
    Midday top 10 gainers: ANNB +48%. HLYS +22%. BSDM +21%. OSG +20%. COGO +13%. MNI +9%. ARMH +9%. MUSA +8%. VRNG +8%. COH +8%.
    Top 10 Losers: BCOM -13%. TDG -11%. LAWS -10%. VSCI -10%. MNST -10%. TROX -10%. HSTM -10%. ALV -10%. DVR -9%. PTNR -9%.
    | 1 Comment
  • Oct. 22, 2012, 12:45 PM
    Midday top 10 gainers: STXS +56%. SVU +35%. CASC +18%. PGRX +14%. GURE +13%. CRMB +13%. LLEN +12%. CHC +12%. PRWT +11%. PETS +11%.
    Top 10 Losers: OSG -63%. BSAC -62%. FSCI -29%. MSN -19%. ZN -18%. AVID -15%. HRT -6%. FDML -12%. DHRM -11%. CLWT -11%.
    | 1 Comment
  • Oct. 22, 2012, 9:10 AM
    Premarket gainers: PGRX +42%. SUPN +16%. SVU +7%. ACOM +8%. OREX +7%. NBG +6%. BTU +6%. PHG +6%. GIVN +6%.
    Losers: OSG -50%. NXY -7%.
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  • Oct. 22, 2012, 8:44 AM
    Overseas Shipholding Group (OSG) -47% premarket after saying financial statements for the last 3 years "should no longer be relied upon." The company is evaluating strategic options, including a Chapter 11 bankruptcy filing. (8-K)
    | 3 Comments
  • Oct. 19, 2012, 9:12 AM
    Shipping stocks could see volatility after Deutsche Bank clips its rating on Genco Shipping. If history is any guide, when one sector name sneezes the rest catch a cold. On watch: DRYS, PRGN, EXM, FRO, OSG, NAT, OSK, TNK, TNP.
    | 1 Comment
  • Oct. 17, 2012, 12:45 PM
    Midday top 10 gainers: CYMI +51%. SIFY +27%. MTG +22%. IGLD +21%. BCOM +21%. TSRI +20%. REDF +14%. BMI +14%. URI +14%. DF +13.
    Top 10 Losers: FTNT -20%. APOL -19%. DSTI -14%. CHKP -12%. INVE -11%. OSG -11%. FIRE -10%. STLY -8%. MARK -8%. TXT -7%.
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  • Oct. 17, 2012, 9:44 AM
    Overseas Shipholding (OSG) continues its free-fall, -10.3% off the open after yesterday's 27% nosedive on reports it has maxed out its lending facilities and could soon face a liquidity squeeze ahead of upcoming maturities. Shares have now tumbled 69% YTD.
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  • Oct. 16, 2012, 5:11 PM
    Overseas Shipholding (OSG -27.2%) shares took a huge hit today on concerns it has maxed out its lending facilities and could soon face a liquidity squeeze. Goldman Sachs and UBS reportedly are shopping around ~$100M in the tanker's revolver, looking to create a market for the debt before OSG needs to refinance $1.5B early next year. Shares are down by two-thirds YTD.
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Company Description
Overseas Shipholding Group Inc through its subsidiaries owns and operates a fleet of oceangoing vessels engaged in the transportation of liquid cargoes in the international market and the U.S. Flag trades.
Sector: Services
Industry: Shipping
Country: United States