Detail akcie Ovs Shipholdng Gr-A online

Business Summary: Overseas Shipholding Group, Inc. provides liquid bulk transportation services. The Company owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil, petroleum, and renewable transportation fuels in the United States Flag trade. Its United States Flag fleet consists of Suezmax crude oil tankers, conventional and lightering articulated tug barges (ATBs), shuttle and conventional medium range (MR) tankers, and non-Jones Act MR tankers that participate in the United States Tanker Security Program. It owns and operates a combined fleet of approximately 21 vessels all of which are registered in the United States. It primarily charters its vessels to customers for use over specific periods of time at fixed daily amounts contractually established through time charters. It also charters its vessels for specific voyages at spot rates. Its customers include independent oil traders, refinery operators and United States and international government entities.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Overseas Shipholding Group Inc. revenues increased 3% to $117.5M. Net income increased 21% to $14.6M. Revenues reflect Time charter revenues segment increase of 14% to $95.9M, Contracts of affreightment revenues segment increase of 14% to $18M. Net income benefited from Interest Expense decrease of 17% to $6.8M (expense), Other income/(expense) increase of 14% to $1.2M (income).