Shipping services provider OSG America LP (OSP) Tuesday announced financial results for the second quarter, reporting a net income of $4.9 million or $0.16 per unit.
Total shipping revenues for the second quarter were $72.2 million. Of this Time charter revenues were $36.6 million and Voyage charter revenues were $35.6 million.
On average, analysts polled by First Call/Thomson Financial projected earnings of $0.06 per share on revenues of $55.32 million.
Income from vessel operations for the second quarter was $5.6 million and operating income was $6.5 million.
Total operating expenses for the second quarter were $66.8 million and interest expense for the second quarter was $1.6 million.
For the six-month period, the company's net income was $8.7 million or $0.28 per share. Total shipping revenues for the first half were $135.3 million.
Shares of OSG America closed Tuesday's regular trading session at $12.60, up 23 cents or 1.86%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.