| Business Summary | | Overseas
Shipholding
Group,
Inc.
(OSG)
is
a
bulk
shipping
company.
OSG
owns
and
operates
a
modern
fleet
of
43
vessels
that
transport
primarily
crude
oil
and
petroleum
products.
The
Company's
fleet
includes
four
vessels
that
are
leased
from
financial
institutions
under
bareboat
charters
having
remaining
terms
of
three
to
11
years.
A
total
of
36
tankers
account
for
90%
of
the
aggregate
tonnage,
and
six
dry
bulk
carriers
(including
two
tankers
that
carry
grain)
and
a
pure
car
carrier
account
for
the
remainder.
The
Company
has
on
order
four
double-hulled
Very
Large
Crude
Carriers
totaling
1.24
million
dwt,
and
four
wide-bodied,
shallow-draft,
double-hulled
Aframax
tankers
aggregating
444,000
dwt,
for
delivery
in
August
2001
through
early
January
2004.
OSG
charters
its
ships
to
commercial
customers
and
United
States
and
foreign
governmental
agencies
for
the
carriage
of
bulk
commodities,
primarily
crude
oil
and
petroleum
products,
and
also
grain,
coal
and
iron
ore. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Overseas
Shipholding
Group,
Inc.
owns
and
operates
a
diversified
fleet
of
ocean
going
bulk
cargo
vessels.
For
the
six
months
ended
6/30/01,
revenues
inceased
48%
to
$277.7
million.
Net
income
before
acct.
change
and
extraordinary
item
totaled
$83.1
million,
up
from
$11.3
million.
Revenues
reflect
the
benefit
of
the
Company's
participation
in
commercial
alliances.
Net
income
also
reflects
cost
reductions,
lower
depreciation
expenses
and
operational
improvements. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Morton Hyman, 65 Chairman,
Pres, CEO | $2.7M | Myles Itkin, 53 CFO,
Sr. VP, Treasurer | 1.1M | Robert Cowen, 52 COO,
Sr. VP, Sec., Director | 976K | Ariel Recanati, 37 Sr.
VP, Chief Strategic and Planning Officer | 949K | Robert Johnston, 53 Sr.
VP and CCO | 1.1M | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|