Private company

OVERSEAS SHIPHOLDING GROUP INC

OVERSEAS SHIPHOLDING GROUP INC is an American Deep Sea Foreign Transportation of Freight company.1 It is headquartered in Tampa, Florida.1

Last updated Oct 20, 2026.

Overview

  • IndustryDeep Sea Foreign Transportation of Freight1
  • HeadquartersTampa, Florida1
  • Incorporated inFL2
  • Business addressTwo Harbour Place, 302 Knights Run Avenue, Suite 1200, Tampa, Fl 336022
  • Filer categoryAccelerated filer2

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(medical, dental and vision) insurance, paid time off, paid parental leave, and certain postretirement benefits.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

21.4%Operating margin5
13.8%Net margin5
-3.2%Revenue growth, 20235
17.6%Return on equity5
1.01×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs77¢$348.3M
  • Interest7¢$31.2M
  • Income tax2¢$9.9M
  • Profit14¢$62.5M

Out of $451.9M in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Kept or used elsewhere100¢$103.0M

Out of $103.0M of cash from operations.5

Financial statements

Revenue67895$451.9M in 2023+16% since 2017
0$200.0M$400.0M$600.0M2017: $390.4M$390.4M20172018: $152.2M$152.2M2018−61%2019: $91.9M$91.9M2019−40%2020: $74.2M$74.2M2020−19%2021: $359.1M$359.1M2021+384%2022: $466.8M$466.8M2022+30%2023: $451.9M$451.9M2023−3%
Operating income67895$96.9M in 2023+186% since 2017
-$50.0M0$50.0M$100.0M2017: $33.9M$33.9M20172018: $23.9M$23.9M2018−30%2019: $33.4M$33.4M2019+40%2020: $58.6M$58.6M2020+75%2021: -$29.1M-$29.1M20212022: $63.2M$63.2M20222023: $96.9M$96.9M2023+53%
Net income67895$62.5M in 2023+12% since 2017
-$50.0M0$50.0M$100.0M2017: $56.0M$56.0M20172018: $13.5M$13.5M2018−76%2019: $8.7M$8.7M2019−36%2020: $30.0M$30.0M2020+246%2021: -$46.3M-$46.3M20212022: $26.6M$26.6M20222023: $62.5M$62.5M2023+135%
Fiscal year2017201820192020202120222023
Revenue$390.4M6$152.2M7$91.9M8$74.2M9$359.1M5$466.8M5$451.9M5
Operating expenses$388.2M5$403.6M5$354.9M5
Operating income$33.9M6$23.9M7$33.4M8$58.6M9-$29.1M5$63.2M5$96.9M5
Interest$37.4M6$30.9M7$25.6M8$24.0M9$29.2M5$33.1M5$31.2M5
Income before tax-$64.3M5$33.5M5$72.4M5
Income tax-$57.6M6-$17.7M7$536.0K8$6.2M9-$18.1M5$6.9M5$9.9M5
Net income$56.0M6$13.5M7$8.7M8$30.0M9-$46.3M5$26.6M5$62.5M5
Earnings per share-$0.515$0.305$0.805
Earnings per share (diluted)-$0.515$0.295$0.775
Shares (weighted, basic)90.6M shares589.6M shares578.5M shares5
Shares (weighted, diluted)90.6M shares591.4M shares581.2M shares5

Compare OVERSEAS SHIPHOLDING GROUP INC with another company

Corporate structure

OVERSEAS SHIPHOLDING GROUP INC sits at the top of its group. 38 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of OVERSEAS SHIPHOLDING GROUP INC

  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on OVERSEAS SHIPHOLDING GROUP INC, latest Oct 31, 2024 (2 filings since Feb 9, 2024)
  • GLAZER CAPITAL, LLC Filed SC 13G on OVERSEAS SHIPHOLDING GROUP INC, latest Jul 12, 2024
  • Saltchuk Resources, Inc. Filed SC 13D/A on OVERSEAS SHIPHOLDING GROUP INC, latest Jul 11, 2024 (3 filings since Jan 29, 2024)
  • CYRUS CAPITAL PARTNERS, L.P. Filed SC 13D/A on OVERSEAS SHIPHOLDING GROUP INC, latest May 24, 2024 (7 filings since Mar 24, 2022)
  • Samuel H. Norton Filed SC 13G/A on OVERSEAS SHIPHOLDING GROUP INC, latest Feb 14, 2024 (2 filings since Apr 4, 2023)
  • OVERSEAS SHIPHOLDING GROUP INC Tampa, Florida
    • Akun Island LLC Subsidiary · Delaware, United States
    • Alaska Tanker Company, LLC Subsidiary · Delaware, United States
    • Aptamus LLC Subsidiary · Delaware, United States
    • Kiska Island LLC Subsidiary · Delaware, United States
    • Maritrans General Partner Inc. Subsidiary · Delaware, United States
    • Maritrans Operating Company L.P. Subsidiary · Delaware, United States
    • Mykonos Tanker LLC Subsidiary · Delaware, United States
    • OSG 204 LLC Subsidiary · Delaware, United States
    • OSG 205 LLC Subsidiary · Delaware, United States
    • OSG Alaska LLC Subsidiary · Delaware, United States
    • OSG America Operating Company LLC Subsidiary · Delaware, United States
    • OSG Bulk Ships, Inc. Subsidiary · New York, United States
    • OSG Champa Bay Shipholding LLC Subsidiary · Delaware, United States
    • OSG Courageous II LLC Subsidiary · Delaware, United States
    • OSG Delaware Bay Lightering LLC Subsidiary · Delaware, United States
    • OSG Endurance LLC Subsidiary · Delaware, United States
    • OSG Financial Corp. Subsidiary · Delaware, United States
    • OSG Maritrans Parent LLC Subsidiary · Delaware, United States
    • OSG Ship Management, Inc. Subsidiary · Delaware, United States
    • OSG Thunder Holdings LLC Subsidiary · Delaware, United States
    • Overseas Anacortes LLC Subsidiary · Delaware, United States
    • Overseas Boston LLC Subsidiary · Delaware, United States
    • Overseas Frontier LLC Subsidiary · Delaware, United States
    • Overseas Gulf Coast LLC Subsidiary · Delaware, United States
    • Overseas Houston LLC Subsidiary · Delaware, United States
    • and 12 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What OVERSEAS SHIPHOLDING GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$33.5M5 Dec 31, 2023$10.4M5 Dec 31, 2022+221.8%
Property and equipment, before depreciation$1.1B5 Dec 31, 2023$1.1B5 Dec 31, 2022+0.9%
Accumulated depreciation$427.5M5 Dec 31, 2023$385.2M5 Dec 31, 2022+11.0%
Property and equipment, net$665.4M5 Dec 31, 2023$697.6M5 Dec 31, 2022−4.6%
Operating-lease assets (leased space)$172.7M5 Dec 31, 2023$206.8M5 Dec 31, 2022−16.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$76.3M5 Dec 31, 2023$78.7M5 Dec 31, 2022−3.1%
Marketable securities, current$14.9M5 Dec 31, 2023
Marketable securities, non-current$14.8M5 Dec 31, 2022

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$13.4M5 Dec 31, 2023$18.0M5 Dec 31, 2022−25.5%
Finite-lived intangibles, gross$13.4M5 Dec 31, 2023$18.0M5 Dec 31, 2022−25.5%

Leadership

Who has led OVERSEAS SHIPHOLDING GROUP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Morten Arntzen2006–2012
  2. Robert E. Johnston2013–2014
  3. Ian T. Blackley2015–2016
  4. Samuel H. Norton2016–2024

President

  1. Morten Arntzen2006–2012
  2. Robert E. Johnston2013–2014
  3. Ian T. Blackley2015–2016
  4. Samuel H. Norton2017–2024

Chief financial officer

  1. Myles R. Itkin2006–2013
  2. Ian T. Blackley2013–2014
  3. Rick F. Oricchio2015–2016
  4. Christopher W. Wolf2016–2017
  5. Richard Trueblood2017–2024

Chief operating officer

  1. George Dienis2006–2012
  2. Ian T. Blackley2006–2009
2010201520202025
Board members and other officers (49)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Akun Island LLC Delaware3
  • Alaska Tanker Company, LLC Delaware3
  • Aptamus LLC Delaware3
  • Kiska Island LLC Delaware3
  • Maritrans General Partner Inc. Delaware3
  • Maritrans Operating Company L.P. Delaware3
  • Mykonos Tanker LLC Delaware3
  • OSG 204 LLC Delaware3
  • OSG 205 LLC Delaware3
  • OSG Alaska LLC Delaware3
  • OSG America Operating Company LLC Delaware3
  • OSG Bulk Ships, Inc. New York3
  • OSG Champa Bay Shipholding LLC Delaware3
  • OSG Courageous II LLC Delaware3
  • OSG Delaware Bay Lightering LLC Delaware3
  • OSG Endurance LLC Delaware3
  • OSG Financial Corp. Delaware3
  • OSG Maritrans Parent LLC Delaware3
  • OSG Ship Management, Inc. Delaware3
  • OSG Thunder Holdings LLC Delaware3
  • Overseas Anacortes LLC Delaware3
  • Overseas Boston LLC Delaware3
  • Overseas Frontier LLC Delaware3
  • Overseas Gulf Coast LLC Delaware3
All 37 listed subsidiaries
  • Overseas Houston LLC Delaware3
  • Overseas Key West LLC Delaware3
  • Overseas Long Beach LLC Delaware3
  • Overseas Los Angeles LLC Delaware3
  • Overseas Martinez LLC Delaware3
  • Overseas New York LLC Delaware3
  • Overseas Nikiski LLC Delaware3
  • Overseas ST Holding LLC Delaware3
  • Overseas Sun Coast LLC Delaware3
  • Overseas Tampa LLC Delaware3
  • Overseas Texas City LLC Delaware3
  • Santorini Tanker LLC Delaware3
  • Tagalak Island LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 10, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer74
  2. May 29, 20248-K Other events75
  3. May 20, 20248-K Entered a material agreement; Executive or director change; Other events76
  4. May 10, 20248-K Results of operations77
  5. Apr 8, 20248-K Executive or director change78
  6. Mar 14, 20248-K Other events79
  7. Mar 11, 20248-K Results of operations80
  8. Jan 30, 20248-K Other events81
  9. Dec 7, 20238-K Other events82
  10. Nov 6, 20238-K Results of operations83
  11. Sep 18, 20238-K Other events84
  12. Aug 29, 20238-K Other events85
  13. Aug 5, 2016New chief executive Samuel H. Norton becomes CEO15
  14. Feb 12, 2015New chief executive Ian T. Blackley becomes CEO16
  15. Feb 27, 2013New chief executive Robert E. Johnston becomes CEO17
  16. Jan 20, 2006New chief executive Morten Arntzen becomes CEO18

Calendar

When it reported results

  1. May 10, 2024Reported quarterly or annual results77
  2. Mar 11, 2024Reported quarterly or annual results80
  3. Nov 6, 2023Reported quarterly or annual results83
  4. Aug 7, 2023Reported quarterly or annual results86
  5. May 8, 2023Reported quarterly or annual results87
  6. Mar 9, 2023Reported quarterly or annual results88
  7. Nov 3, 2022Reported quarterly or annual results89
  8. Aug 8, 2022Reported quarterly or annual results90

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

223 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 30 major events, 129 insider forms, 16 large holders, 36 other. The latest 20:

  1. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. Jul 22, 202415-12G EDGAR
  3. Jul 12, 2024SC 13G EDGAR
  4. Jul 11, 2024SC 13D/A EDGAR
  5. Jul 11, 20244 EDGAR
  6. Jul 11, 20244 EDGAR
  7. Jul 11, 20244 EDGAR
  8. Jul 11, 20244 EDGAR
  9. Jul 11, 20244 EDGAR
  10. Jul 11, 20244 EDGAR
  11. Jul 11, 20244 EDGAR
  12. Jul 11, 20244 EDGAR
  13. Jul 11, 20244 EDGAR
  14. Jul 11, 20244 EDGAR
  15. Jul 11, 20244 EDGAR
  16. Jul 11, 20244 EDGAR
  17. Jul 10, 2024S-8 POS EDGAR
  18. Jul 10, 2024S-8 POS EDGAR
  19. Jul 10, 2024S-8 POS EDGAR
  20. Jul 10, 2024S-8 POS EDGAR

The 223 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

62 open-market trades by officers, directors and large owners since October 2021: 12 buys and 50 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 15, 2024Norton Samuel HPresident and CEOSale50,000$6.74$337.0KForm 4
Apr 16, 2024Norton Samuel HPresident and CEOSale29,663$5.92$175.6KForm 4
Apr 15, 2024Norton Samuel HPresident and CEOSale20,337$5.98$121.6KForm 4
Mar 15, 2024Norton Samuel HPresident and CEOSale50,000$6.05$302.5KForm 4
Feb 15, 2024Norton Samuel HPresident and CEOSale50,000$6.28$314.0KForm 4
Jan 16, 2024Norton Samuel HPresident and CEOSale50,000$5.47$273.5KForm 4
Dec 15, 2023Norton Samuel HPresident and CEOSale50,000$4.78$239.0KForm 4
Dec 14, 2023Luria Elaine GoodmanDirectorBuy20,000$4.78$95.6KForm 4
Dec 13, 2023Luria Elaine GoodmanDirectorBuy20,000$4.77$95.3KForm 4
Nov 15, 2023Norton Samuel HPresident and CEOSale50,000$4.95$247.5KForm 4
Oct 17, 2023Norton Samuel HPresident and CEOSale25,013$4.59$114.8KForm 4
Oct 16, 2023Norton Samuel HPresident and CEOSale24,987$4.63$115.7KForm 4
Sep 15, 2023Norton Samuel HPresident and CEOSale50,000$4.25$212.5KForm 4
Sep 6, 2023WHEAT DOUGLAS DDirectorSale29,479$4.25$125.3KForm 4
Sep 5, 2023WHEAT DOUGLAS DDirectorSale40,521$4.28$173.4KForm 4
Aug 24, 2023CYRUS CAPITAL PARTNERS, L.P.10% ownerSale3,788,639$4.05$15.3MForm 4
Aug 17, 2023Norton Samuel HPresident and CEOSale15,041$4.00$60.2KForm 4
Aug 16, 2023Norton Samuel HPresident and CEOSale22,513$4.02$90.5KForm 4
Aug 15, 2023Norton Samuel HPresident and CEOSale12,446$4.08$50.8KForm 4
Jun 13, 2023Taylor Gary EugeneDirectorSale20,000$3.85$77.1KForm 4

All 62 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How OVERSEAS SHIPHOLDING GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROVERSEAS SHIPHOLDING GROUP INC1
  • CIK0000075208
  • Employer ID (EIN)13-26376231
  • Filer statusAccelerated filer1
  • Incorporated inFlorida1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressTwo Harbour Place, 302 Knights Run Avenue, Suite 1200, Tampa, FL 336021
  • Phone81320906001
  • Shares outstanding72,030,977 as of May 6, 202412
  • Public float$292.9M as of Jun 30, 202396
  • On EDGAR sinceJan 31, 19941
  • Filings2,131 in all: 4 (1,095), 8-K (349), 10-Q (91), SC 13D/A (83), SC 13G/A (70), 3 (58), 4/A (40), SC 13G (40)1
    All 59 form types

    DEF 14A (29), UPLOAD (28), 10-K (24), CORRESP (24), 11-K (15), 5 (15), SC 13D (15), DEFA14A (13), ARS (10), S-8 (10), 144 (8), S-3/A (8), SC TO-T/A (8), 10-K405 (7), S-8 POS (6), 10-K/A (5), 424B5 (5), S-3 (5), 3/A (4), 8-A12B (4), DEFR14A (4), PRE 14A (4), SC 14D9/A (4), SC TO-C (4), 25-NSE (3), 8-K/A (3), DFAN14A (3), NT 10-Q (3), 25 (2), 424B3 (2), CERTNYS (2), EFFECT (2), NT 10-K (2), NT 11-K (2), RW (2), S-1 (2), S-3ASR (2), SC TO-T (2), SC14D9C (2), 15-12B (1), 15-12G (1), 15-15D (1), 424B1 (1), CERTNAS (1), D (1), FWP (1), IRANNOTICE (1), S-1/A (1), S-4 (1), S-4/A (1), SC 14D9 (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2024
    Quarterly report (10-Q) May 10, 2024
    Proxy statement (DEF 14A) Apr 26, 2024
    Latest 8-K (8-K) Jul 10, 2024

Sources

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