(NEW YORK)Shares of oil tanker operators rebounded Wednesday, as the price of crude jumped on concerns surrounding Tropical Storm Gustav and current inventories.READ MORE
(NEW YORK)Oil tanker operator Frontline Ltd. on Thursday said its profit jumped 69 percent, reflecting a gain on the sale of assets and shares. For the quarter ended June 30, the Bermuda-bas...READ MORE
(NEW YORK)Overseas Shipholding Group Inc., which owns and operates crude oil tankers, said Wednesday it sold two 1997-built dry bulk carriers for about $55 million.READ MORE
(NEW YORK)Petroleum tanker operator Overseas Shipholding Group Inc. said Monday it boosted its regular quarterly dividend by 40 percent and laid out plans to buy back up to $250 million wort...READ MORE
(NEW YORK)Shares of Overseas Shipholding Group Inc. rose Thursday, as a Jefferies & Co. analyst reiterated his "Buy" rating on the stock, saying the crude-oil tanker operator will benefit fr...READ MORE
(NEW YORK)Overseas Shipholding Group Inc., which owns and operates crude oil tankers, said its first-quarter earnings rose 33 percent on surging vessel charter rates, but still fell short of...READ MORE
(NEW YORK)A Credit Suisse analyst downgraded oil and petroleum product shippers Tsakos Energy Navigation Ltd. and Overseas Shipholding Group Inc. Friday, citing lower expectations for tanker...READ MORE