Overseas Shipholding Group (OSG) Announces Share Repurchase Program

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Go back to Overseas Shipholding Group (OSG) Announces Share Repurchase Program

Overseas Shipholding Group Announces Share Repurchase Program

March 17, 2023 9:26 AM EDT

TAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that its Board of Directors has authorized a program to purchase up to ten million shares of the Companys common stock. Sam Norton, OSGs President and CEO, stated, Share repurchases remain one of several focus points for use of free cash flow generated by current and anticipated vessel operations. Reauthorization of a share repurchase program by the OSG Board of Directors provides the Company with added flexibility to continuously evaluate opportunities to manage our available cash... More