Overseas Shipholding Group

302 Knights Run Ave Ste 1200, Tampa, FL 33602

Overseas Shipholding Group, Inc. is a leading provider of energy transportation services delivering crude oil and petroleum products throughout the United States and the world. Founded in 1948, OSG has operated through multiple shipping cycles, adjusting our business as needed to compete and succeed. Our well-maintained fleet, and commitment to high quality, incident-free service, has positioned us as a preferred energy transportation provider to major oil companies, refiners and traders. Mission: Moving Energy with Integrity Integrity is at the heart of our organization. It is also one of the most important reasons why our customers choose to work with us. Integrity is what our sea and shore staff build their entire careers on—upholding the core values of seamanship and supporting every aspect of our shipping operations with respect and dignity.

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2.8

Overall Excellence Rating

Industry

Transportation

Category

Shipping & Logistics

ESG/Ethical Impact

The success of Overseas Shipholding Group is measured by more than financial metrics. It is, as importantly, predicated on our determination to improve and evolve – in our operational efficiencies and in the safe and environmentally sensitive execution of the services we provide – and on our commitment to our core values that have driven our past success and will guide us as we face the future. OSG’s primary purpose is simple: to move energy with integrity. Thanks to the dedication and excellence of our mariners, shoreside support, and leadership, we have earned a reputation as one of the most respected energy transportation companies in the world. We aspire to build on this legacy, to adjust to higher standards, and to meet the expectations of our stakeholders. There is today a global discussion centered on achieving a target of zero emissions for ocean shipping and on new rules intended to transition the maritime industry into a post fossil fuel-dependent world. Succeeding in these efforts will require consensus on viable technologies and practical solutions to apply and measure across the entire supply chain of production and distribution, large capital investments with extended payback periods, and scaled development of effective and widely available alternatives to fossil fuels. During this transition there will be a continued need for transporting conventional fuels and for investing in existing tankers to improve performance and to reduce greenhouse gas emissions as our industry evolves. OSG’s environmental strategy is calculated and practical in this transitory phase. Incremental and continual improvement are our goals. OSG is committed to reducing its carbon emissions and has set its own specific targets. We will meet these targets in the short run by improving our operational efficiencies. In the medium term, we are using and participating in the supply chain for alternative fuels, and testing technologies for investment to retrofit existing ships. In the longer term, we are partnering with others to invest in and develop technology and processes necessary to make meaningful reductions to carbon emissions. Already, as an operator primarily within U.S. waters, our vessels perform under environmental standards that exceed those in international waters. The U.S. industry’s mariners are among the most credentialed in the world and we understand that they are the key to our success. Amidst an industry-wide seagoing labor shortage, OSG is working with industry partners to attract and retain a larger pool of qualified mariners. We recognize our responsibility to ensure a respectful and inclusive working environment onboard our vessels and to operate to the demanding safety standards of our customers and regulators. We have a proud tradition of observing high standards of business conduct. OSG sees many opportunities to act as a change agent and make meaningful improvements to the way in which we conceive of and deliver our transportation services. With this vision, our commitment, and our dedication, we will remain true to our mission of being a world-class shipper of liquid bulk commodities.

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Awards Received

2023

Revenues

$467,000,000.00

Website Traffic

Employee Rating

3.7

Customer Rating

4

Company Size

1000-5000

ESG Risk Rating

3

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