OSG America Company Description
Marine transportation company OSG America specializes in hauling refined petroleum products between US ports. Its fleet of about 20 vessels, consisting of product carriers and tug-barge units, has an overall carrying capacity of more than 700,000 deadweight tons (DWT). The company's clientele is made up primarily of major integrated oil companies and independent refiners; key customers include Chevron and Marathon Oil. Revenue is split evenly between long- and short-term charters. OSG America was formed as a spinoff of marine transportation company Overseas Shipholding Group (OSG), which retained a controlling interest in OSG America after its November 2007 IPO.
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The Company Description provides a historical perspective of OSG America's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of OSG America's evolution in the marketplace.
