NOTE
1 — BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS
The
consolidated financial statements include the accounts of Overseas Shipholding Group, Inc., a Delaware corporation incorporated in 1969,
and its wholly owned subsidiaries (the “Company” or “OSG”, or “we” or “us” or “our”),
including Alaska Tanker Company (“ATC”) as of its March 12, 2020 acquisition date. The Company owns and operates a fleet
of oceangoing vessels engaged primarily in the transportation of crude oil and refined petroleum products in the U.S. Flag trade. All
significant intercompany balances and transactions have been eliminated in consolidation.
The
World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a pandemic in March 2020. The COVID-19
pandemic is a dynamic and continuously evolving phenomenon and our disclosures throughout describe its effects on our business.
Recent geopolitical tensions involving Russia and the Ukraine have
disrupted markets and resulted in volatile oil prices. The impact of this situation is uncertain and ongoing.
Free historical financial statements for Overseas Shipholding Group Inc Cla.
See how revenue, income, cash flow, and balance sheet financials have changed over 52 quarters since 2011. Compare with OSG stock chart to see long term trends.
Data imported from Overseas Shipholding Group Inc Cla SEC filings. Check original filings before making any investment decision.