Overseas Shipholding Group Expects Improving Tanker Market Fundamentals

Overseas Shipholding Group, Inc. a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, reported results for the second quarter 2018. Highlights Net income for the second quarter was $3.1 million, or $0.03 per diluted share, compared with net income of $3.2 million, or $0.04 per diluted share,
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Tanker Market Outlook, we explained our future expectations of weaker Aframax demand along the Caribbean > US Gulf trade, which accounts for roughly 4.7% of total sector ton-mile demand. In January, we stated “On the other side of the Atlantic, the benchmark Caribbean > US Gulf trade collapsed by 11.3% in 2017 as a result
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