About Overseas Shipholding Group
Overseas Shipholding Group is a company based in New York (United States) founded in 1948 was acquired by Saltchuk in May 2024. Overseas Shipholding Group has raised $1.59 billion across 4 funding rounds from investors including Wintrust, DOE and Saltchuk. Overseas Shipholding Group has completed 1 acquisition, including Alaska Tanker Company. Overseas Shipholding Group offers products and services including Energy Transportation and Fleet Management.
- Headquarter New York, United States
- Stage Public
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Phone
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Website
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Social
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- Legal Name Overseas Shipholding Group, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.59 B (USD)
in 4 rounds
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Latest Funding Round
$3 M (USD), Grant
Apr 22, 2024
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Investors
Wintrust
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Overseas Shipholding Group
Overseas Shipholding Group offers a comprehensive portfolio of products and services, including Energy Transportation and Fleet Management.
Crude oil and petroleum products are transported by Overseas Shipholding Group using a fleet of vessels.
A fleet of vessels is managed by Overseas Shipholding Group with an emphasis on safety, maintenance, and environmental standards.
People of Overseas Shipholding Group
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Funding Insights of Overseas Shipholding Group
Overseas Shipholding Group has successfully raised a total of $1.59B across 4 strategic funding rounds. The most recent funding activity was a Grant round of $3 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $3.0M
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First Round
First Round
(07 Jul 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Grant - Overseas Shipholding Group | Valuation |
investors |
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| Dec, 2023 | Amount | Grant - Overseas Shipholding Group | Valuation |
investors |
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| Nov, 2018 | Amount | Debt – Conventional - Overseas Shipholding Group | Valuation |
investors |
Investors in Overseas Shipholding Group
Overseas Shipholding Group has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Wintrust, DOE and Saltchuk.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Bank offering diversified financial services
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Founded Year | Domain | Location | |
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Manages transportation companies for air cargo, shipping, and energy distribution services.
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Founded Year | Domain | Location |
Investments & Acquisitions by Overseas Shipholding Group
Overseas Shipholding Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Alaska Tanker Company.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ship operation and maintenance services are provided globally.
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1999 |
Financial Statements - Overseas Shipholding Group
Overseas Shipholding Group Comparisons
Competitors of Overseas Shipholding Group
Latest news on Overseas Shipholding Group
Frequently Asked Questions about Overseas Shipholding Group
Overseas Shipholding Group was founded in 1948 and raised its 1st funding round 66 years after it was founded.
Overseas Shipholding Group is headquartered in New York, United States. It is registered at New York, New York, United States.
Samuel Norton is the current CEO of Overseas Shipholding Group.
Overseas Shipholding Group is a funded company, having raised a total of $1.59B across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $27.5M, raised on Jul 07, 2014.
Founded in 1948 and headquartered in New York, United States, the company operates in the maritime energy transportation sector. A fleet of vessels is maintained to transport crude oil, petroleum products, and renewable fuels for oil and gas companies, refiners, and traders. Operations emphasize safe, efficient delivery while adhering to high environmental and safety standards across U.S.-flagged routes.
Overseas Shipholding Group offers Energy Transportation and Fleet Management.
Overseas Shipholding Group has made 1 acquisition, including Alaska Tanker Company.