logo
  

Overseas Shipholding Board Continues To Explore Strategic Alternatives - Quick Facts

Overseas Shipholding Group, Inc. (OSG) said the strategic process to explore strategic alternatives, that Board previously commenced, is continuing. The company noted that its Board has not set a timetable for the strategic process, nor has it made any decisions related to strategic alternatives. The company's current intention is not to disclose developments with respect to the process unless and until the Board has approved a specific course of action.

Overseas Shipholding Group, Inc. is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ... Societe Generale Group reported Wednesday a weak profit in its fourth quarter, despite higher net banking income. Further, the French Financial services major proposed a dividend and around 440 million euros share buyback program. The company also confirmed fiscal 2025 financial targets. City of Industry, California-based Titans Global Inc. is recalling certain JSJ branded cakes citing potential to contain undeclared eggs, a known allergen, the U.S. Food and Drug Administration said. The recall involves its 95g packages of JSJ Chocolate Cake, JSJ ZSR Cake, and JSJ DMC Leaf Cake food treats.
Follow RTT