TITLE

Storm Watch

AUTHOR(S)
Fisher, Daniel
PUB. DATE
November 2006
SOURCE
Forbes Asia;11/13/2006, Vol. 2 Issue 19, p48
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on publicly traded shipping company Overseas Shipholding Group. At the helm of the shipping company is Morten Arntzen, who learned a valuable lesson from being a lender. He emphasizes the need to strengthen one's balance sheet in the good times because shipping rates will fall. Those times may be just up ahead for the tankers that haul crude oil from Saudi Arabia and West Africa to insatiable buyers in China, India and elsewhere.
ACCESSION #
23320113

 

Related Articles

  • Oil Tanker Co. Secures $500M TLB From ING. R. K. // High Yield Report;10/27/2008, Vol. 19 Issue 41, p7 

    The article reports on the finance acquisition of two supertankers from ING Co. A launch date and price talk on the term loan have not been determined, and calls to companies OSG and ING were not returned by press time. The term loan will mature in eight years. Oil analysts believe that...

  • NAVIGATING ITS WAY TO THIRD AVENUE. Haughney, Christine // Crain's New York Business;12/6/2004, Vol. 20 Issue 49, p17 

    The article informs that an oil tanker shortage at sea is creating a demand for larger offices on land. Overseas Shipholding Group Inc., the largest U.S.-based oil tanker owner, is moving and nearly doubling the size of its offices in the Grand Central neighborhood to handle the record demand to...

  • Oil Tanker Co. Secures $500M TLB From ING.  // Bank Loan Report;10/27/2008, Vol. 23 Issue 41, p1 

    The article reports on the securing of a $500 million term loan B by the Overseas Shipholding Group Inc. (OSG) to help finance the acquisition of two supertankers from Euronav NV. The TI Asia and TI Africa, two of the four largest supertankers in the world are to be converted into floating...

  • Structural Subordination Gains Ground in Europe with Barry Callebaut Deal; US Market Still Busy With New Issues. R.A.; S.H. // High Yield Report;3/10/2003, Vol. 14 Issue 10, p2 

    Discusses the performance of various U.S. securities as of March 2003. Fairpoint Communications Inc.; Standard Pacific LP; Overseas Shipholding Inc.

  • Tanker exec's slick move. Zabrocky, Lois; Marshall, Samantha // Crain's New York Business;10/17/2005, Vol. 21 Issue 42, p49 

    The article profiles Lois Zabrocky, vice president of international product carrier unit at Overseas Shipholding Group Inc. As third mate on a barge carrier, Zabrocky was charged with keeping a lookout for pirates. She was on night watch as her ship passed through the Strait of Malacca when she...

  • TANKER EXEC'S SLICK MOVE. Marshall, Samantha // Crain's New York Business;1/30/2006, Vol. 22 Issue 5, p24 

    This article presents information on Lois Zabrocky, vice president of Overseas Shipholding Group Inc. As third mate on a barge carrier sailing through the notorious Strait of Malacca, Zabrocky once foiled a thief by unhooking the grappling rope he was using to climb up the side of the ship, much...

  • STOCKS TO WATCH. Ipsen, Erik // Crain's New York Business;11/19/2007, Vol. 23 Issue 47, p4 

    The article presents information on the stock position of companies including Medco Cos., Aeropostale Inc. and Overseas Shipholding Group Inc. Stocks of pharmacy-benefits manager Medco increased by 81 percent. Stock of Overseas Shipholding Group. decreased by 12 percent and shares of apparel...

  • Recession sinks Overseas Shipholding.  // Crain's New York Business;11/17/2008, Vol. 24 Issue 46, p4 

    The article reports that publicly traded oil shipper Overseas Shipholding Group has spent around $150 million buying back its own shares. Since the start of the buyback program the company's share have tumbled 60%. The tumble is laid low by investor concern of world wide economic contraction....

  • HIGHLIGHTS REEL.  // Crain's New York Business;2/27/2006, Vol. 22 Issue 9, p4 

    This article focuses on the stock prices of various companies in New York. The Bloomberg/Crain's New York Index rose 0.3% to end the week at 321.8. The S&P 500 Index rose less than 0.1%. Foot Locker Inc. recently unveiled a plan to buy $150 million worth of its own shares. This week, it is...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics