{"id":765192,"date":"2023-06-21T13:26:09","date_gmt":"2023-06-21T17:26:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\/"},"modified":"2023-06-21T13:26:09","modified_gmt":"2023-06-21T17:26:09","slug":"overseas-shipholding-group-announces-increase-in-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\/","title":{"rendered":"Overseas Shipholding Group Announces Increase in Share Repurchase Program"},"content":{"rendered":"

<\/p>\n

Overseas Shipholding Group Announces Increase in Share Repurchase Program<\/b><\/p>\n

TAMPA, Fla.–(BUSINESS WIRE<\/a>)–
\nOverseas Shipholding Group, Inc. (NYSE: OSG) (the \u201cCompany\u201d or \u201cOSG\u201d) today announced that its Board of Directors authorized an increase to its stock repurchase program of an additional $10 million of the Company\u2019s common stock, raising the total value of the stock repurchase program to $20 million.<\/p>\n

\nSam Norton, OSG\u2019s President and CEO, stated, \u201cIn representing OSG\u2019s stockholders, OSG\u2019s Board of Directors continuously evaluates opportunities for the use of our available cash. The Board has taken into account a variety of factors in reaching its determination to increase the stock repurchase program which is underway.\u201d<\/p>\n

\nUnder the program, the Company may repurchase shares from time to time in open market transactions (including the use of trading plans under SEC Rule 10b5-1) or in privately negotiated transactions. The timing and amounts of any purchases will be based on market conditions and other factors, such as price, in accordance with applicable laws. The program has no time limit, may be suspended, modified or discontinued at any time, and does not obligate OSG to purchase any particular amount of its common stock. The Company intends to fund the share repurchase program with excess cash.<\/p>\n

About Overseas Shipholding Group, Inc<\/b><\/p>\n

\nOverseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing liquid bulk transportation services in the energy industry for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator in the Jones Act industry and in the Tanker Security Program. OSG\u2019s U.S. Flag fleet consists of Suezmax crude oil tankers doing business in Alaska, conventional and lightering ATBs, shuttle and conventional MR tankers, and non-Jones Act MR tankers that participate in the U.S. Tanker Security Program.<\/p>\n

\nOSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world\u2019s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230621794007\/en\/<\/a><\/span><\/p>\n

Investor Relations & Media Contact:
\n<\/b>
Susan Allan, Overseas Shipholding Group, Inc.
\n
(813) 209-0620
\n
sallan@osg.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Florida<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Other Transport Trucking Rail Maritime Transport Oil\/Gas Manufacturing Energy Logistics\/Supply Chain Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Overseas Shipholding Group Announces Increase in Share Repurchase Program TAMPA, Fla.–(BUSINESS WIRE)– Overseas Shipholding Group, Inc. (NYSE: OSG) (the \u201cCompany\u201d or \u201cOSG\u201d) today announced that its Board of Directors authorized an increase to its stock repurchase program of an additional $10 million of the Company\u2019s common stock, raising the total value of the stock repurchase program to $20 million. Sam Norton, OSG\u2019s President and CEO, stated, \u201cIn representing OSG\u2019s stockholders, OSG\u2019s Board of Directors continuously evaluates opportunities for the use of our available cash. The Board has taken into account a variety of factors in reaching its determination to increase the stock repurchase program which is underway.\u201d Under the program, the Company may repurchase shares from time to time in … <\/p>\n

Continue reading “Overseas Shipholding Group Announces Increase in Share Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765192","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOverseas Shipholding Group Announces Increase in Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overseas Shipholding Group Announces Increase in Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Overseas Shipholding Group Announces Increase in Share Repurchase Program TAMPA, Fla.–(BUSINESS WIRE)– Overseas Shipholding Group, Inc. (NYSE: OSG) (the \u201cCompany\u201d or \u201cOSG\u201d) today announced that its Board of Directors authorized an increase to its stock repurchase program of an additional $10 million of the Company\u2019s common stock, raising the total value of the stock repurchase program to $20 million. Sam Norton, OSG\u2019s President and CEO, stated, \u201cIn representing OSG\u2019s stockholders, OSG\u2019s Board of Directors continuously evaluates opportunities for the use of our available cash. The Board has taken into account a variety of factors in reaching its determination to increase the stock repurchase program which is underway.\u201d Under the program, the Company may repurchase shares from time to time in … Continue reading "Overseas Shipholding Group Announces Increase in Share Repurchase Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T17:26:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230621794007r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Overseas Shipholding Group Announces Increase in Share Repurchase Program\",\"datePublished\":\"2023-06-21T17:26:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\\\/\"},\"wordCount\":408,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230621794007r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/overseas-shipholding-group-announces-increase-in-share-repurchase-program\\\/\",\"name\":\"Overseas Shipholding Group Announces Increase in Share Repurchase Program - 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