Overseas Shipholding Group (OSG) Reports Q4 Loss of $0.03

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Go back to Overseas Shipholding Group (OSG) Reports Q4 Loss of $0.03

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2021 Results

March 9, 2022 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 fourth quarter and full year 2021.

Shipping revenues for the fourth quarter 2021 were $95.5 million, an increase of $1.5 million from the third quarter 2021. Compared to the fourth quarter 2020, shipping revenues decreased 2.1% from $97.5 million. Shipping revenues for the full year 2021 were $359.1 million, down 14.2% compared with the full year 2020. Net loss for the fourth quarter... More