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Overseas Shipholding Group - Out Of Bankruptcy

John Tiezzi profile picture
John Tiezzi


  • Emerged from bankruptcy court protection in August 2014.
  • Strong earnings recorded in 2015 on sharply lower expenses.
  • Q1 2016 Results.

Overseas Shipholding Group (NYSE:OSG) is a publicly traded shipping company providing energy transportation services for crude oil and petroleum products in the U.S. and International Flag markets. Results for the fourth quarter (Q4 2015) and the full year 2015 showed nice improvements over the losses recorded in 2014 when the company emerged from Bankruptcy Court protection. I have read the earnings reports and listened to the conference calls and am impressed by the company's management and actions since emerging from bankruptcy in August 2014.

I have taken large quotes from the company issued press releases and SEC filings and have edited them for brevity and improved readability. For example, in the section below, I have omitted legal language that makes reading the information more difficult. Also I have rounded most numbers to the nearest integer to eliminate the decimal points. Again this is done for ease of reading.

I will show direct quotes when that is necessary, but most information presented in this article is from the company's website located at here. To avoid abbreviations of non-stock symbols being mistaken for stock symbols, I use the convention of inserting dots (.) in between the letters. Example: Earnings per Share (E.P.S.) has dots inserted between the letters to avoid it being shown as a stock symbol.

I attended the State University of New York (S.U.N.Y.) Maritime College from 1976 to 1978 and sailed to Europe on their training ship in 1977. I visited Southhampton, England and Copenhagen, Denmark on that cruise. While at the Maritime College, I studied Economics and Marine Transportation as my major fields of study. I remember receiving one of OSG's Annual Reports in the late 1970s with a large picture of a ship traversing through the Panama Canal on the cover.

I was impressed with the company

This article was written by

John Tiezzi profile picture
Originally came to Seeking Alpha several years ago to get investment ideas and to access the written transcripts from corporate conference calls.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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