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OSG: Quarterly results 'have met our expectations'

Overseas Shipholding Group, Inc., a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, reported results for the first quarter 2021.
Net loss for the first quarter 2021 was $15.9 million, or $(0.18) per diluted share, compared with net income of $25.1 million, or $0.28 per diluted share, for the first quarter 2020. The first quarter of 2020 included a $19.2 million gain related to the acquisition of the Alaska Tanker Company.
In April, we entered into a contract to sell the Overseas Gulf Coast for $32.5 million. Based on the negotiated sale terms, the transaction will result in a $5.4 million loss, which we recorded in the first quarter of 2021. The sale of this unencumbered asset will provide additional liquidity. ....

United States , Sam Norton , Alaska Tanker Company , Shipholding Group Inc , Overseas Shipholding Group , Alaska Tanker , Overseas Gulf Coast , Storm Uri , Jones Act , Alaskan Explorer , Alaskan Legend , Alaskan Navigator , ஒன்றுபட்டது மாநிலங்களில் , சாம் நார்டன் , அலாஸ்கா டேங்கர் நிறுவனம் , அலாஸ்கா டேங்கர் , ஓவர்‌ஸீஸ் வளைகுடா கடற்கரை , புயல் யூரி , ஜோன்ஸ் நாடகம் , அலாஸ்கன் ஆய்வுப்பணி , அலாஸ்கன் புராண , அலாஸ்கன் நேவிகேட்டர் ,

Overseas Shipholding Group Expects Improved Demand as Vaccinations Progress | Hellenic Shipping News Worldwide

Overseas Shipholding Group Expects Improved Demand as Vaccinations Progress
Overseas Shipholding Group, Inc., a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported results for the first quarter 2021.
Net loss for the first quarter 2021 was $15.9 million, or $(0.18) per diluted share, compared with net income of $25.1 million, or $0.28 per diluted share, for the first quarter 2020. The first quarter of 2020 included a $19.2 million gain related to the acquisition of the Alaska Tanker Company.
In April, we entered into a contract to sell the Overseas Gulf Coast for $32.5 million. Based on the negotiated sale terms, the transaction will result in a $5.4 million loss, which we recorded in the first quarter of 2021. The sale of this unencumbered asset will provide additional liquidity. ....

United States , Sam Norton , Shipholding Group , Alaska Tanker Company , Overseas Shipholding Group , Shipholding Group Inc , Alaska Tanker , Overseas Gulf Coast , Storm Uri , Jones Act , Alaskan Explorer , Alaskan Legend , Alaskan Navigator , Overseas Shipholding , ஒன்றுபட்டது மாநிலங்களில் , சாம் நார்டன் , அலாஸ்கா டேங்கர் நிறுவனம் , அலாஸ்கா டேங்கர் , ஓவர்‌ஸீஸ் வளைகுடா கடற்கரை , புயல் யூரி , ஜோன்ஸ் நாடகம் , அலாஸ்கன் ஆய்வுப்பணி , அலாஸ்கன் புராண , அலாஸ்கன் நேவிகேட்டர் ,