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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | 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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Overseas Shipholding Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Overseas Shipholding Group Comparisons
Competitors of Overseas Shipholding Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Overseas Shipholding Group
When was Overseas Shipholding Group founded?
Overseas Shipholding Group was founded in 1948 and raised its 1st funding round 66 years after it was founded.
Where is Overseas Shipholding Group located?
Overseas Shipholding Group is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Overseas Shipholding Group?
Samuel Norton is the current CEO of Overseas Shipholding Group.
Is Overseas Shipholding Group a funded company?
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.
What does Overseas Shipholding Group do?
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.
What products or services does Overseas Shipholding Group offer?
Overseas Shipholding Group offers Energy Transportation and Fleet Management.
How many acquisitions has Overseas Shipholding Group made?
Overseas Shipholding Group has made 1 acquisition, including Alaska Tanker Company.
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