Overseas Shipholding Group Joins NYSE Big Board

US tanker company Overseas Shipholding Group, Inc. has been approved by the New York Stock Exchange (NYSE) to transfer its stock listing to the NYSE from the NYSE MKT.

The company’s common stock, which will continue to trade under the ticker symbol OSG, is expected to commence trading on the NYSE effective Tuesday, June 28, 2016.

Until then, OSG’s common stock will remain on the NYSE MKT, but trading on the NYSE MKT will ens simultaneously with the listing of its common stock on the NYSE.

“We believe listing on the NYSE, one of the world’s most prestigious stock exchanges, will enhance trading liquidity of our common stock and contribute to increasing shareholder value,” Ian T. Blackley, OSG’s president and CEO, said.

The approval to transfer its listing to the NYSE is subject to the company’s compliance with all applicable listing standards on the date it begins trading on the NYSE, and may be cancelled if OSG is not in compliance with such standards on that date.

The provider of oceangoing energy transportation services recorded a full-year net income for 2015 of USD 284 million, rising from USD 152.3 million for the full year 2014.

Fourth quarter and full year 2015 time charter equivalent (TCE) revenues grew as well, reaching USD 234.4 million and USD 924.8 million, up by 18% and 21%, respectively, compared with the same periods in 2014.

Share this article

Follow World Maritime News

In Depth>


<< Jun 2018 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1


TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >