in fredericia little belt denmark overseas shipholding group inc. osg overseas shipping group nyse mkt osgrb is one of the largest oil tanker operating companies in the world . it is based in new york city and was founded in 1949 . 1 osg has offices in athens houston london manila newcastle upon tyne philadelphia quebec singapore and tampa with nearly 4000 sea and shore based employees . overseas shipholding group inc. osg is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products . as of december 31 2010 the company owned or operated a modern fleet of 111 vessels aggregating 11.3 million deadweight tons and 864 800 cubic meters of which 88 vessels operated in the international market and 23 operated in the u.s. flag market . osg s newbuilding program of owned and chartered in vessels totaled 11 international and u.s. flag vessels bringing the company s total owned operated and newbuild fleet to 122 vessels . the company s vessel operations are organized into strategic business units and focused on market segments crude oil refined petroleum products and u.s. flag . the international flag crude tanker unit manages international flag ultra large crude carrier ulcc very large crude carrier vlcc suezmax aframax panamax and lightering tankers ; the international flag product carrier unit principally manages lr1 and mr product carriers and the u.s. unit manages most of the company s u.s. flag vessels . through joint venture partnerships the company operates four lng carriers and two floating storage and offloading fso service vessels . during the year ended december 31 2010 osg took delivery of 11 vessels . during 2010 the company sold three owned u.s. flag vessels the overseas philadelphia overseas diligence and overseas galena bay and one chartered in international flag aframax the sabine a chartered in lightering vessel . as of december 31 2010 osg s owned operated and newbuild fleet aggregated 122 vessels . of this total 95 vessels are international flag and 27 vessels are u.s. flag . osg s customers include major independent and state owned oil companies oil traders refinery operators and the united states and international government entities . contents 1 international fleet operations 2 u.s. flag fleet operations 3 references 4 external links international fleet operations edit osg s crude oil fleet includes all major crude oil vessel classes including a fleet of six international flag lightering vessels that trade primarily in the united states gulf of mexico . in order to enhance vessel utilization and tce revenues the company has placed its ulcc vlcc suexmax aframax tankers as well as a number of panamax tankers into commercial pools that are responsible for the commercial management of these vessels . the pools collect revenue from customers pay voyage related expenses and distribute tce revenues to the participants after deducting administrative fees according to formulas based upon the relative carrying capacity speed and fuel consumption of each vessel . as of december 31 2010 tankers international had seven participants and managed a fleet of 45 modern vlccs and ulccs that trade throughout the world including all 15 of the company s ulcc and vlcc owned and chartered in vessels . suezmax international is managed by the company . as of december 31 2010 the pool had two participants and provides the commercial management for a fleet of four vessels including the company s two chartered in vessels which primarily trade in the atlantic basin . as of december 31 2010 there were 13 participants in aframax international and the pool commercially managed 46 vessels including 11 10.5 weighted by ownership of the company s owned and chartered in vessels . aframax international s vessels generally trade in the atlantic basin north sea and the mediterranean . as of december 31 2010 panamax international managed a fleet of 24 modern panamaxes which includes five of the company s owned crude panamaxes and three of its owned panamax product carriers lr1s as well as three crude panamaxes that are time chartered to one of the pool partners . u.s. flag fleet operations edit osg is a commercial owners and operators of jones act vessels . the company s u.s. flag fleet consists of 25 owned operated and newbuild handysize product carriers and atbs . the acquisition of maritrans inc. gave osg a presence in all united states trading routes such as intra united states gulf united states gulf to the east coast united states gulf to the west coast the alaskan north slope trades and the delaware bay . the company has extension options for the lives of the chartered in vessels . as of december 31 2010 osg has time charters out for 11 of these 12 vessels . osg has a presence in the alaskan north slope trade through its 37.5 % equity interest in alaska tanker company llc atc a joint venture that was formed among osg bp plc. bp and keystone shipping company keystone to support bp s alaskan crude oil transportation requirements . certain of the company s vessels participate in the u.s. maritime security program the program which ensures that militarily useful u.s. flag vessels are available to the united states department of defense in the event of war or national emergency . the company competes with frontline ltd. bw shipping managers mitsui osk lines ltd. nippon yusen kabushiki kaisha malaysian international shipping corporation berhad maran tankers management gemini tankers stena sonagol blue fin tankers pools dynacom tankers management ltd. thenamaris ships management inc. oao sovcomflot teekay corporation general maritime corporation sigma tankers inc. star tankers heidmar inc. a s dampskibsselskabet torm jacob scorpio pool management s.a.m. glencore international ag handytankers k s vitol group trafigura navig8 dorado tankers pool inc. seacor holdings inc. crowley maritime corporation and u.s. shipping corp. references edit corporate profile fast facts . osg . retrieved 29 may 2013 . external links edit official website overseas shipping group list of ships v t e united states flag shipping companies ship operators apl farrell lines hapag lloyd usa intermarine maersk line limited matson inc. overseas shipholding group sealift transatlantic lines waterman steamship corporation tug and barge operators bouchard transportation crowley maritime foss maritime kirby trailer bridge retrieved from https en.wikipedia.org w index.php title overseas shipholding group & oldid 709886817 categories companies based in new york citycompanies established in 1949companies listed on the pink sheetscompanies that have filed for chapter 11 bankruptcytanker shipping companiesformer components in the dow jones transportation averagerecanati family navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent 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