Quarterly Fast Facts - as of June 30, 2010 |
| Investment Highlights |
- A diversified, customer-focused, crude oil and petroleum product transportation company that has recently expanded to adjacent markets, building on its scale, operational strengths and reputation.
- The only major tanker company with a significant International Flag and U.S. Flag fleet.
- A balanced portfolio of vessel types and charter mix optimizes fleet revenue.
- World-class in-house technical management.
- Is taxed equitably with international competitors following the Jobs Creation Act of 2004.
- A strong financial profile with the experience of a company that has prospered during multiple shipping cycles.
|
| Growth Strategy |
The Company's vision is to be a market leader in each of the segments in which it competes. This aspiration will be realized by focusing on the following strategies:
- Optimize the portfolio mix of owned and chartered-in vessels, and spot and time charters based on market dynamics.
- Maintain a strong balance sheet and financial flexibility through all markets.
- Set the Gold Standard for technical management in the shipping industry.
|
| Q210 Financial Highlights |
TCE Revenue: $231.7 million
EBITDA: $23.4 million
Net Loss: ($37.9 million)
Loss Per Share: ($1.26)
|
| 2009 Financial Highlights |
TCE Revenue: $952.6 million
EBITDA: $251.0 million
Net Income: $70.2 million
EPS: $2.61
Total Assets: $4.3 billion
Total Equity: $1.9 billion
Liquidity: $1.6 billion |
| Fiscal Year |
December 31 |
| Number of Vessels1 |
Operating Fleet: 111
Newbuilds: 15 |
| Deadweight Tons |
Operating Fleet: 11,420,619
Newbuilds: 1,293,251 |
| Annual Dividend |
$1.75 per share |
| Corporate Headquarters |
666 Third Avenue
New York, NY 10017
Telephone: +1 212 953 4100
Fax: +1 212 578 1821 |
| Other Offices |
Athens, Houston, London, Manila, Montreal, Newcastle, Philadelphia, Singapore and Tampa |
| Number of employees |
3,600, of which 3,150 are seafarers |
| Year Founded/Incorporated |
1948/1969 |
| Initial Public Offering |
1970 |
| Stock Ticker/Exchange |
OSG
New York Stock Exchange (listed in 1973) |
| Index Listing |
Dow Jones Transportation Average (DJT) |
| Common Shares Outstanding |
30,142,124 |
| Public/Tradeable Bonds Outstanding |
$75 million 8.75% senior unsecured notes; due 2013
$300 million 8.125% senior unsecured notes; due 2018
$146 million 7.5% senior unsecured notes; due 2024
|
| Debt Ratings |
Moody’s Ba2
S&P BB-
|
| Selected Debt Metrics |
Liquidity Adjusted Debt to Capital: 41.9%
Total Debt Outstanding: $1.9 billion
|
