Overseas Shipholding Group Awards $30,500 in Scholarships with Women Offshore

Rhea-AI Summary

Overseas Shipholding Group, Inc. (OSG) provides $30,500 in scholarships to four women pursuing maritime careers, aiming to remove barriers for women in the industry. The scholarships empower women cadets at various maritime academies, enabling them to achieve deck and engine credentials. OSG's President and CEO, Sam Norton, emphasizes the importance of supporting women in the maritime sector to attract diverse talent. The collaboration with Women Offshore Foundation aims to foster opportunities for women to succeed as licensed mariners. OSG's commitment includes providing over $90,000 in scholarships over three years.

TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) is proud to continue its efforts to remove barriers for women entering the maritime industry. Through the Women Offshore Foundation, OSG gave $30,500 in scholarships to four women - two attending SUNY Maritime Academy, one at Great Lakes Maritime Academy and one at Maine Maritime Academy. The scholarships will empower these women cadets to achieve their deck and engine credentials during their 2024 summer sea term as they pursue careers within the maritime industry.

“We are incredibly proud to support these exceptional women as they follow their aspirations to pursue a fulfilling career within the US maritime sector,” said Sam Norton, OSG’s President and CEO. “Building a strong future for shipping requires shipowners to actively participate in attracting and retaining the best talent available from all backgrounds. These awards will help alleviate the financial obstacles for deserving women and provide them an opportunity to succeed within our industry.”

"The Women Offshore Foundation is thankful for OSG’s continued support of our Summer Sea Term Scholarships,” said Ally Cedeno, Founder and President of the Women Offshore Foundation. “The collaboration between OSG and Women Offshore will continue to foster opportunities enabling women to remove financial barriers and pursue their careers as licensed mariners in the US maritime industry. We are excited to witness the success stories made possible through scholarships by supporters like OSG.”

OSG’s scholarship recipients gain much more than financial support as they will join OSG’s network, receiving mentoring and guidance throughout their term. The four women participating in this year’s summer sea join in OSG’s ongoing efforts to create a diverse maritime workforce. These scholarships are part of OSG’s commitment to provide more than $90,000 in scholarships over a three-year period, with four recipients last year also receiving OSG scholarships.

About Overseas Shipholding Group, Inc

Overseas Shipholding Group, Inc. is a publicly traded company providing liquid bulk transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG’s U.S. Flag fleet consists of Suezmax crude oil tankers, conventional and lightering ATBs, shuttle and conventional MR tankers, and non-Jones Act MR tankers that participate in the U.S. Tanker Security Program.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240402547504/en/

Investor Relations & Media Contact:

Susan Allan, Overseas Shipholding Group, Inc.

(813) 209-0620

sallan@osg.com

Source: Overseas Shipholding Group, Inc.

FAQ

How much did Overseas Shipholding Group (OSG) provide in scholarships to four women?

OSG provided $30,500 in scholarships to four women pursuing maritime careers.

Who is the President and CEO of Overseas Shipholding Group (OSG)?

Sam Norton is the President and CEO of OSG.

What is the Women Offshore Foundation?

The Women Offshore Foundation collaborates with OSG to provide scholarships for women pursuing maritime careers.

How much is OSG committed to providing in scholarships over a three-year period?

OSG is committed to providing more than $90,000 in scholarships over a three-year period.

What kind of support do scholarship recipients from OSG receive?

Scholarship recipients from OSG receive mentoring and guidance throughout their term.