Title:

OSG at Morgan Stanley Commodities and Shipping Conference Transcript

Price:$54.00
Publication Date:Apr 17, 2008
Source:Thomson StreetEvents
Company:OSG
Report Type:Transcript
Abstract:Final Transcript of OSG presentation, 17-Apr-08 1:30pm ET
Brief Excerpt:... - Overseas Shipholding Group - EVP, CFO As an overview, we are the second-largest publicly-traded tanker company in the world, with an operating fleet of ### vessels and ## newbuildings that upon delivery will appreciably increase both the scale and the efficiency of our international crude and our US flag vessels. We are expanding both in core sectors -- crude, product, US flag, and gas -- and adjacent sectors -- FSOs, shuttle tankers and lightering. We are a Dow Jones Transportation Company and have been publicly traded since ####. We have total assets of $#.# billion, liquidity of $#.# billion, and a current market cap of $#.# billion. During ####, we successfully integrated the acquisition of Maritrans and subsequently spun off a minority interest in our US flag business through a public market offering. We enhanced our ability to be a full-service provider to our customers through the acquisition of Heidmar Lightering, and we added four Suezmax vessels to our fleet, making us the...
Word Count:3306
Length:7 Pages
Ticker:OSG
Time:1:30pm ET
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