Tag Archives: OSG
OSP to pay distribution
OK, I missed this one this morning. OSG America L.P. OSP declared a 2nd quarter distribution of 37.5¢ for the 2nd quarter. The record date is August 7. My first clue was when I looked at the stock price and it was trading for $8.40 per share. Tough to get there when the mother company [...]
Interesting move by OSG
http://ir.osg.com/phoenix.zhtml?c=82053&p=irol-newsArticle&ID=1313976&highlight
Overseas Shipholding Group OSG has announced they want to purchase the remaining units of OSG America L.P. OSP. The offer is for $8.00 per share, about 12% above the recent average price. The reason for the purchase is interesting and shows the company’s interest in their shareholders:
Morten Arntzen, President and CEO said, “While we continue [...]
Quality of Dividends, Part V
Once again I will continue working my way through my list of dividend paying shipping stocks. The purpose of these articles is to give you an idea of the amount and stability of the distributions of these companies. I am going through the list in alphabetical order:
OSG America L.P. OSP is a U.S. flagged transporter [...]
Shipping stocks dividends earned 1st half of 2009
Now that all of the stocks I follow for this site have released earnings and declared distributions for the 1st quarter of 2009 I thought it would be interesting to review which shipping companies have paid distributions and how much investors would have earned if they had been holding the stocks since the first of [...]
DHT Maritime 1st quarter results
DH TANKERS | News Release.
This is my first look at numbers from DHT Maritime DHT. The company owns 9 double hull tankers of various sizes that are on long term charter to Overseas Shipholding OSG. The vessels have fixed rate contracts plus profit sharing when OSG earns above the base charter rate with the vessels.
DHT [...]
One best shipping stock?
I an email response to one of the posts here I received the following note and questions:
I’ve been following your blog for some time and want to tell you that I find it very interesting-as a matter of fact, I look forward to it.
I have two questions for you. First,if you would invest in one [...]
Overseas Shipping Group posts mixed results
OSG > Media Room > Press Releases.
Overseas Shipping Group OSG is one of the financially stronger tanker companies. Their 1st quarter results are a mixed bag. This is from the press release:
First quarter TCE revenues were $292.8 million, down from $375.8 million in the first quarter of 2008, driven by VLCC spot TCE rates of [...]
Shipping Stocks Performance Year-to-Date
It is (almost) the end of the first quarter of 2009 so I thought I would put up a little data on how the shipping stocks I track have fared. I keep a Google portfolio that has been tracking the values of 42 shipping stocks on an equal dollar weighted average since January 1, 2009. [...]
Overseas Shipholding Group 2008 revenues increase 49%
OSG – Overseas Shipholding Group, Inc.- News Release.
The year end and 4th quarter results of Overseas Shipholding Group OSG had mixed results. OSG is a tanker company with over 150 ships (including 29 in their newbuild program) covering the transport of crude oil, refined petroleum products. The company currently operates 22 of their vessels as [...]
Overseas Shipholding Group quarterly earnings