 as of September 30, 2008 |
| Investment Highlights |
 - A diversified, customer-focused, crude oil and petroleum product transportation company that has recently expanded to adjacent markets, building on its scale, operational strengths and reputation.
- The only major tanker company with a significant International Flag and U.S. Flag fleet.
- A balanced portfolio of vessel types and charter mix optimizes fleet revenue.
- World-class in-house technical management.
- Is taxed equitably with international competitors following the Jobs Creation Act of 2004.
- A strong financial profile with the experience of a company that has prospered during multiple shipping cycles.
|
| Growth Strategy |
The Company's vision is to be a market leader in each of the segments in which it competes. This aspiration will be realized by focusing on the following strategies:
- Optimize the portfolio mix of owned and chartered-in vessels, and spot and time charters based on market dynamics.
- Maintain a strong balance sheet and financial flexibility through all markets.
- Set the Gold Standard for technical management in the shipping industry.
|
| Q308 Financial Highlights |
TCE Revenue: $434.7 million
EBITDA: $255.5 million
Net Income: $197.8 million
EPS: $6.69
|
| 2007 Financial Highlights |
TCE Revenue: $1.1 billion
EBITDA: $476.3 million
Net Income: $211.3 million
EPS: $6.16
|
| Fiscal Year |
December 31 |
| Number of Vessels 1 |
Operating Fleet: 121
Newbuilds: 37
|
| Deadweight Tons |
Operating Fleet: 12,765,233
Newbuilds: 3,100,284
|
| Quarterly Dividend |
$0.4375 per share |
| Corporate Headquarters |
666 Third Avenue
New York, NY 10017
Telephone: +1 212 953 4100
Fax: +1 212 578 1821 |
| Other Offices |
Athens, Houston, London, Manila, Montreal, Newcastle, Philadelphia, Singapore and Tampa
|
| Number of employees 2 |
Nearly 4,000 |
Year Founded/
Incorporated |
1948/1969 |
| Initial Public Offering |
1970 |
Stock Ticker/
Exchange |
OSG
New York Stock Exchange |
| Index Listing |
Dow Jones Transportation Average (DJT) |
| Shares Outstanding |
29,572,378 |
Public/
Tradeable Bonds Outstanding |
$150 million 7.5% senior unsecured notes; due 2024
$200 million 8.25% senior unsecured notes; due 2013
$85 million 8.75% senior unsecured notes; due 2013
|
| Debt Ratings |
Moody’s Ba1
S&P BB+
|
| Selected Debt Metrics |
Liquidity adjusted debt to capital: 34%
Liquidity: $1.5 billion
Shareholders’ Equity: $2 billion |
