Overseas Shipholding Group is the operator of a fleet of twenty-four oil tankers and oil tug-barges. It is based in Tampa, Florida, United States, and was founded in 1948.[1][2]
In 1969, under the leadership of Raphael Recanati, OSG began acquiring tanker ships to transport oil from Alaska to the lower 48 U.S. states.[3]
In the 1990s, OSG began to acquire luxury cruise liners. In 1995, the cruise ships resulted in losses of over $12 million to OSG. As a result of the losses, Michael Recanati, the son of Raphael Recanati, was reported to have been forced to leave OSG.[4]
OSG has offices in Tampa, Florida and Newark, Delaware[5] with nearly 900 sea and shore-based employees.[6]
The company filed for Chapter 11 bankruptcy in 2012 after the SEC accused CEO Morten Arntzen and CFO Miles Itkin of falsifying financial statements.[7] In 2017, the company paid a $75,000 fine to the SEC to settle the securities fraud allegations. Former CFO Miles Itkin also paid a separate $75,000 fine.[8] The executives were sued by OSG and agreed to pay a $16.25 million settlement in 2015.[9]
^"Company Overview of Overseas Shipholding Group, Inc". Bloomberg. Retrieved 3 January 2018.
^"Corporate Profile: Fast Facts". OSG. Archived from the original on 9 April 2013. Retrieved 29 May 2013.
^Roland, Alex; Bolster, W. Jeffrey; Keyssar, Alexander (2008). The Way of the Ship: America's Maritime History Reenvisoned, 1600-2000. John Wiley & Sons. p. 401. ISBN 9780470136003.
^""Bloomberg": Rafael Recanati Dismissed Son from Family Shipping Co Management - Globes English". Globes (in Hebrew). 7 November 1996. Retrieved 2018-01-06.
^"Contact".
^"Stocks". Bloomberg News. August 2023.
^"OSG Sails out of bankruptcy". Bloomberg News. 7 August 2014.
^"OSG to pay small fine after SEC finds it guilty of fraud". fairplay.ihs.com. Retrieved 2018-01-03.
^"Overseas Shipholding investors settle lawsuit with execs, others". Reuters. August 7, 2015. Retrieved 2018-01-03.
and 19 Related for: Overseas Shipholding Group information
OverseasShipholdingGroup is the operator of a fleet of twenty-four oil tankers and oil tug-barges. It is based in Tampa, Florida, United States, and...
on February 21, 2007. OverseasShipholdingGroup (2008-02-22). "OverseasShipholdingGroup Fleet List". OverseasShipholdingGroup. Archived from the original...
Frontline owned 9.6 percent of another large tanker company, OverseasShipholdingGroup. Born in Oslo, Norway, Fredriksen is now a naturalised Cypriot...
the Astro Canopus. Both vessels are owned as a joint venture by OverseasShipholdingGroup and Euronav. In June 2016 France's TotalEnergies won a tender...
Retrieved 13 March 2007. OverseasShipholdingGroup (22 February 2008). "OverseasShipholdingGroup Fleet List". OverseasShipholdingGroup. Archived from the...
interface Operational Studies Group, a publisher of wargames related primarily to the Napoleonic Wars OverseasShipholdingGroup This disambiguation page lists...
Retrieved March 13, 2007. OverseasShipholdingGroup (2008-02-22). "OverseasShipholdingGroup Fleet List". OverseasShipholdingGroup. Archived from the original...
October 30, 2012, Kirby Corp. replaced OverseasShipholdingGroup, Inc. Effective October 1, 2014, Avis Budget Group Inc. replaced GATX Corporation. On October...
banker, and philanthropist. He was the founder and chairman of the OverseasShipholdingGroup. He was the chairman of the Israel Discount Bank from 1982 to...
Operating Company of Tampa, Florida and BP Oil Shipping Company. OverseasShipholdingGroup, Inc. (NYSE: OSG), purchased all the shares of Alaska Tanker Company...
businessman, banker, and philanthropist. Founder and chairman of the OverseasShipholdingGroup Raphaël Salem, mathematician Hayyim Shabbethai, Chief Rabbi of...
seafarers to crew its growing fleet of tankers in 2008. In 2007, OverseasShipholdingGroup and the Maritime Administration agreed to allow American maritime...
tankers for subsidiaries of American Shipping Company (AMSC), OverseasShipholdingGroup (OSG) and Crowley. On September 29, 2011, Aker Philadelphia signed...
City. Recanati started his career at his family business, the OverseasShipholdingGroup, in 1978. He was forced to leave OSG in 1995 after a dispute about...
charter to OverseasShipholdingGroup, a build program that extends into 2012.[citation needed] Overseas Houston Overseas Long Beach Overseas Los Angeles...
involved in the bankruptcies of Enron, Residential Capital, Nortel and OverseasShipholding, stated, "Never in my career have I seen such a complete failure...