Overseas Shipholding Group, Inc.

Overseas Shipholding Group, Inc.

Overseas Shipholding Group, Inc.

Overview
Date Founded

1969

Headquarters

1301 Avenue of the Americas,42nd floor,New York, NY 10019

Type of Company

Public

Employees (Worldwide)

1,061

Industries

Marine Shipping
Power & Utilities

Company Description

Overseas Shipholding Group, Inc. engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag markets. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program. The company was founded in 1948 and is headquartered in Tampa, FL.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Vice President & Chief Financial Officer

Chief Operations Officer & Vice President

Vice President, General Counsel & Corporate Secretary

Vice President & Head of Health, Safety, Quality, Environment & Operations Assurance

Vice President & Chief Administrative Officer

Senior Information Technology Director

Marketing Executive

Director of Operations

Board of Directors

Co-Head, Investment Banking Practice at Houlihan Lokey Howard & Zukin, Inc.

President, Chief Executive Officer & Director at Overseas Shipholding Group, Inc.

Former Representative from Mississippi's 5th Congressional District

Former Chief Financial Officer at Westcoast Energy, Inc.

Principal at Cyrus Capital Partners LP

Vice President & Secretary at ESH Hospitality Strategies Holdings LLC

Founding Partner at The Rice Hadley Group LLC

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Overseas Shipholding Group, Inc.
Owners & Shareholders
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Cyrus Capital Partners' investment strategies focus on investing across the capital structure of highly levered and financially distressed companies. They seek attractive absolute and relative returns that are not correlated to the general equity and fixed income markets, while also focusing on preserving capital. Fundamental value and credit analysis combined with Cyrus Capital's experience with event catalysts and processes specific to leveraged and financially distressed companies drives their investment process. The firm employs a rigorous, fundamental, credit-intensive approach to identify and exploit inefficiencies in the leveraged and distressed debt and leveraged equities markets.Cyrus Capital's investments aren't limited to any specific strategy and may include: Private Debt and Equity Securities; High Yield, Low-Rated or Unrated Securities; Distressed Debt and Securities; Bank Loans and Participations; Loans of Portfolio Securities; Bridge Loans; Mezzanine Loans; Vendor Financing; Trade Claims; Structured Credit Products; Collateralized Debt Obligations; Convertible Securities; Capital Structure Arbitrage; Relative Value Arbitrage; Absolute Value; Fixed Income Securities; Swaps and Other Derivatives; Foreign Securities; and Emerging Markets; among others. The types of derivative contracts in which the firm invests include: Credit Default Swaps: Debt-For-Equity Swaps; Options; Option Writing (covered call and put options); Warrants; Futures; Forwards; and Reverse Purchase Agreements. In addition, Cyrus Capital may employ the use of short selling, leverage, hedging techniques, margin transactions.Cyrus Capital also offers investors in certain funds the option of purchasing interests that only participate in returns from socially responsible investments. The firm may also attempt to accommodate investment-related requests in certain single-investor client funds, provided that these investments don't unfairly give one client an advantage at the expense of any other client.^

Details Hidden

Cyrus Capital Partners' investment strategies focus on investing across the capital structure of highly levered and financially distressed companies. They seek attractive absolute and relative returns that are not correlated to the general equity and fixed income markets, while also focusing on preserving capital. Fundamental value and credit analysis combined with Cyrus Capital's experience with event catalysts and processes specific to leveraged and financially distressed companies drives their investment process. The firm employs a rigorous, fundamental, credit-intensive approach to identify and exploit inefficiencies in the leveraged and distressed debt and leveraged equities markets.Cyrus Capital's investments aren't limited to any specific strategy and may include: Private Debt and Equity Securities; High Yield, Low-Rated or Unrated Securities; Distressed Debt and Securities; Bank Loans and Participations; Loans of Portfolio Securities; Bridge Loans; Mezzanine Loans; Vendor Financing; Trade Claims; Structured Credit Products; Collateralized Debt Obligations; Convertible Securities; Capital Structure Arbitrage; Relative Value Arbitrage; Absolute Value; Fixed Income Securities; Swaps and Other Derivatives; Foreign Securities; and Emerging Markets; among others. The types of derivative contracts in which the firm invests include: Credit Default Swaps: Debt-For-Equity Swaps; Options; Option Writing (covered call and put options); Warrants; Futures; Forwards; and Reverse Purchase Agreements. In addition, Cyrus Capital may employ the use of short selling, leverage, hedging techniques, margin transactions.Cyrus Capital also offers investors in certain funds the option of purchasing interests that only participate in returns from socially responsible investments. The firm may also attempt to accommodate investment-related requests in certain single-investor client funds, provided that these investments don't unfairly give one client an advantage at the expense of any other client.^

Recent Transactions
Details Hidden

purchases International Seaways, Inc. from Overseas Shipholding Group, Inc.

Details Hidden

Overseas Shipholding Group, Inc. raised money in a private placement transaction

Details Hidden

Overseas Shipholding Group, Inc. issued Common Stock

Transaction Advisors
Legal Advisor

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Investment Advisor

Advised onOverseas Shipholding Group, Inc. purchases OSG America LP

Accountant

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Legal Advisor

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Investment Advisor

Advised onOverseas Shipholding Group, Inc. purchases Stelmar Shipping Ltd.

Legal Advisor

Advised onOverseas Shipholding Group, Inc. purchases Maritrans, Inc.

Advisors & Consultants
Legal Advisor

Vice Chairman & Chief Legal Officer at The Travelers Cos., Inc.

Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Shareholder at Greenberg Traurig LLP

Clients

Headquartered in Findlay, Ohio in the heart of the Midwest, Marathon Petroleum Corporation (MPC) is the name of the parent company which includes several subsidiary companies including Marathon Petroleum Company LP, Marathon Pipe Line LLC, and Speedway LLC. MPC is the nation’s fifth largest refiner and the largest refiner in the Midwest. MPC’s refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. MPC operations are strategically located to serve major markets. They include a six-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. This includes both the Marathon Brand and MPC’s wholly owned retail marketing subsidiary, Speedway LLC, the nation’s fourth largest chain of company-owned and operated retail gasoline and convenience stores.

BP Plc operates as an integrated oil and gas company. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. The firm also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. The company was founded by William Knox D'Arcy in 1908 and is headquartered in London, the United Kingdom.

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Key Stats and Financials As of 2018
Market Capitalization
$155M
Total Enterprise Value
$413M
Earnings Per Share
$0.15
Revenue
$366M
Net Profit
$13.5M
EBITDA
$73.5M
EBITDAMargin
20.08%
Enterprise Value Sales
1.13x
Enterprise Value EBITDAOperating
5.62x
TEVNet Income
30.61x
Debt TEV
0.84x
Total Debt
$346M
Total Equity
$329M
Three Year Compounded Annual Growth Rate Of Revenue
-26.42%
Five Year Compounded Annual Growth Rate Of Revenue
-16.92%
Suppliers
Capital Product Partners LP Marine Shipping | Piraeus, GI

Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.

American Shipping Co. ASA Trucks, Construction & Farm Machinery | Lysaker, AK

American Shipping Co. ASA is a ship owning and lease finance company. It engages in the purchase, ownership, and operation of bareboat, shuttle tankers, and other vessels. The company was founded on June 30, 2005 and is headquartered in Lysaker, Norway.

RigNet, Inc. Pension Funds & Sovereign Wealth | Houston, TX

RigNet, Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Services, Applications & Internet-of-Things, Systems Integration and Corporate. The Managed Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS) offerings including BlackTIE and CyphreLink encryption, weather monitoring primarily in the North Sea (MetOcean), real-time data monitoring and machine-to-machine learning, and certain other value-added services such as Adaptive Video Intelligence (AVI). The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

Competitors
Kinder Morgan, Inc. Oil & Gas - HOUSTON, TX

Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Chevron Corp. Oil & Gas - San Ramon, California

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

SEACOR Holdings, Inc. Marine Shipping - Fort Lauderdale, Florida

SEACOR Holdings Inc. (SEACOR) is a diversified, multinational company that owns and operates marine assets primarily servicing the oil and gas, and marine transportation industries. SEACOR also owns and operates bulk commodity barges along the U.S. Inland River Waterways; specializes in the purchase, storage, transportation, and sale of agricultural and energy commodities; and provides emergency preparedness and crisis services to governments and industry.

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