Overseas Shipholding Group, Inc - OSG- Profile

Overseas Shipholding Group, Inc. The Group's principal activity is the ocean transportation of crude oil and petroleum products. The Group operates in three segments: International Flag Crude Tankers, International Hand Size Product Carriers & US Flag Vessels. The activity also includes transportation of crude oil, petroleum products, dry bulk cargoes, primarily grain, coal and iron ore. The Group operates a fleet of 81 vessels of which 79 operate in the international market and 10 in the US Flag market. As at 31-Dec-2006, the Group owned and operated 103 vessels.In 31-Nov-2006 company acquired Maritrans inc. Int Flag Crude Tankers acctd for 66% of 2006 revs; Int Hand Size Product Carriers, 23%; US Flag Vessels, 9%;other 2%