Overseas Shipholding Group (OSG) Reports Q3 Loss of $0.18

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Go back to Overseas Shipholding Group (OSG) Reports Q3 Loss of $0.18

Overseas Shipholding Group Reports Third Quarter 2021 Results

November 9, 2021 7:30 AM EST

TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG), a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the third quarter 2021.

Shipping revenues for the third quarter 2021 were $94.0 million, an increase of $5.6 million from the second quarter 2021. Compared to the third quarter 2020, shipping revenues decreased 11.1% from $105.7 million.
Net loss for the third quarter 2021 was $16.0 million, or $(0.18) per diluted share, compared with net loss of $10.7 million, or ($0.12) per diluted... More