Overseas Shipholding Group Announces Conference Call on Tuesday, December 14

Rhea-AI Summary

Overseas Shipholding Group, Inc. (NYSE: OSG) will host a conference call on December 14, 2021, at 10:00 a.m. ET to discuss its recent decisions regarding bareboat charter agreements. The company has opted to extend two charters with American Shipping Company ASA while declining to extend three others. This strategic move indicates OSG's focus on optimizing its fleet operations in the energy transportation sector.

For access to the call, participants can dial (844) 850-0546 domestically or (412) 317-5203 internationally. A live webcast will also be available on the company's website.

Positive

• OSG has decided to extend two bareboat charter agreements, showcasing operational flexibility.
• The company maintains a significant presence with 22 active vessels, reinforcing its market position.

Negative

• The decision not to extend three other charters may reflect challenges in fleet management or market conditions.

TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (“OSG”), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, will be hosting a conference call at 10:00 a.m. Eastern Time (“ET”) on Tuesday, December 14, 2021 to discuss the press release it issued on Friday, December 10 regarding its decisions to exercise two options to extend the bareboat charter agreements with American Shipping Company ASA (Oslo Stock Exchange: AMSC / OTCQX: ASCJF), and to not exercise options to extend three other bareboat charters.

To access the call, participants should dial (844) 850-0546 for domestic callers and (412) 317-5203 for international callers. Please dial in ten minutes prior to the start of the call. A live webcast of the conference call will be available from the Investor Relations section of the Company’s website at www.osg.com. An audio replay of the conference call will be available starting at 12:00 p.m. ET on December 14, 2021 by dialing (877) 344-7529 for domestic callers and (412) 317-0088 for international callers and entering Access Code 4601394.

About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 22 active vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also currently owns and operates one Marshall Islands flagged MR tanker which trades internationally.

OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211213005662/en/

Susan Allan, Overseas Shipholding Group, Inc.

(813) 209-0620

sallan@osg.com

Source: Overseas Shipholding Group, Inc.

FAQ

What is the date of the OSG conference call regarding bareboat charter agreements?

The OSG conference call is scheduled for December 14, 2021.

What options did OSG exercise in its recent press release?

OSG exercised options to extend two bareboat charter agreements and did not extend three others.

How can I access the OSG conference call?

You can access the OSG conference call by dialing (844) 850-0546 domestically or (412) 317-5203 internationally.

Where can I find more information about OSG's conference call?

More information can be found in the Investor Relations section of OSG's website at www.osg.com.