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Overseas Shipholding Group’s International Flag and U.S. Flag fleets operate worldwide, serving customers in the transportation of crude oil, petroleum products and dry bulk cargoes. OSG’s skilled crews have extensive experience in the loading, discharging and lightering of vessels, always maintaining the highest standards of safety while accommodating diverse and ever-changing local environmental regulations. OSG is committed to supplying its customers with quality ships, operated safely and efficiently by well-trained, experienced seafarers and an outstanding team of shoreside professionals. The largest oil companies in the world rely on OSG to provide customized solutions with quality tonnage across diverse geographic markets.
OSG is a leader within each of the segments it operates, including the worldwide Very Large Crude Carrier (VLCC) trades, the Atlantic Basin Aframax market, the Panamax trades between North, Central and South America and the worldwide products trade. OSG is one of the largest U.S. Flag Jones Act shipping companies. The Company offers lightering services on all three U.S. Coasts to a global customer base utilizing its U.S. Flag vessels in the northeastern United States and its crude oil tanker fleet in the U.S. Gulf and West Coast. OSG recently entered the Liquefied Natural Gas (LNG) market, a fast-growing energy source, and will launch service in this segment by year-end 2007.
- OSG’s owned International Flag fleet is 100 percent double hull.
Vessel quality, specifically modern, double hull tonnage, is an essential
criterion for most customers in a tightening global regulatory environment.
- With an operating fleet of 120 vessels, OSG is the second largest tanker company in the world, measured by number of vessels.
- OSG is the third largest tanker company in aggregate deadweight tons (dwt).
- In crude transportation, OSG’s VLCCs trade in the Tankers International pool, the largest commercial operator of VLCCs in the world. The Company’s Aframax tankers principally trade in the Aframax International pool, the second largest and predominantly double hull Aframax tanker fleet in the world. Five of OSG’s double hull Panamax tankers trade in Panamax International, a leader in the Panamax trade.
- Commercial tanker pools are groups of similar size and quality vessels with different shipowners that when combined as a single fleet, improve revenue generated through laden backhauls, contracts of affreightment (COA) and other operating efficiencies. Click here to see how combining COA voyages can lead to improved vessel utilization and higher returns.
- OSG significantly expanded its International Flag product carrier fleet in 2005. OSG's International Flag and U.S. Flag product carrier fleet makes it on of the largest product carrier owner and operators in the world.
- OSG broadend the scope of its crude oil and petroleum products for global customers by adding a fleet of four interntional flag Aframax tankers and two U.S. Flag workboats in the U.S. Gulf of Mexico with the acquisition of Heidmar Lightering, Inc. This service will be expanded to include lightering using the Company's Panamax tankers on the U.S. West Coast. OSG is a leading provider of lightering services in the Delaware Bay, an operation established in the late 1950s.
- OSG’s significant and growing position in the U.S. Flag shipping market affords it a unique competitive advantage. Today OSG is the only major tanker owner with significant U.S. Flag and International Flag fleets. With the delivery of 12 U.S. Flag Jones Act product tankers and six articulated tug barges, OSG will have the newest and largest fleet eligible for Jones Act trade.
- In 2004, OSG entered the LNG transport business. Four state-of-the-art LNG carriers delivered in 2007 and 2008.
Fleet data as of July 25, 2008
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