Overseas Shipholding Group Announces the Release of its Sustainability Report
29 Mai 2024 - 10:44PM
Business Wire
Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or
“OSG”) today announced that it has published its annual
Sustainability Report. The report includes information relating to
the Company’s efforts on environmental, social, and corporate
governance practices during 2023, as well as its long-term plans to
evolve in these areas. The Sustainability Report can be found on
the Company’s website at www.osg.com/safety-environment.
Sam Norton, the Company’s CEO, and Rebecca DeLaet, the Company’s
Chair of the Corporate Governance and Risk Assessment Committee,
stated in the report, “Our recent financial success and operational
efficiencies have allowed OSG to sharpen its focus on the future
and to advance our vision of our operations going forward. The
release of this year’s report is a further progression in that
journey as we seek to mark our goals, bring to light our
accomplishments, and highlight areas where we have sought to have a
significant impact, particularly in environmental and social
initiatives.”
In the Report, OSG highlights key developments in the Company’s
commitment to a sustainable future, including:
- The expansion of the Company’s developing carbon capture,
utilization, and storage (“CCUS”) business line, including the
recent funding opportunities OSG has leveraged to further develop a
transportation solution for liquified CO2.
- Installing Starlink on 100% of the Company’s fleet.
- The capital commitment of nearly $60 million to carry out
lifecycle engine upgrades to the Company’s Alaskan Class
fleet.
- Pledging and awarding a combined $240,500 in scholarship funds
committed to promoting gender equity.
The Sustainability Report is issued in conjunction with the
Company’s Annual Report and Proxy Statement, which together present
a collective view of the Company’s performance and activities.
For more information, please visit the Company’s website at
www.osg.com.
About Overseas Shipholding Group, Inc. Overseas
Shipholding Group, Inc. is a publicly traded company providing
liquid bulk transportation services for crude oil and petroleum
products in the U.S. Flag markets. OSG’s U.S. Flag fleet consists
of Suezmax crude oil tankers, conventional and lightering ATBs,
shuttle and conventional MR tankers, and non-Jones Act MR tankers
that participate in the U.S. Tanker Security Program.
OSG is committed to setting high standards of excellence for its
quality, safety and environmental programs. OSG is recognized as
one of the world’s most customer-focused marine transportation
companies and is headquartered in Tampa, FL.
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version on businesswire.com: https://www.businesswire.com/news/home/20240529372504/en/
Investor Relations & Media Contact: Susan Allan,
Overseas Shipholding Group, Inc. (813) 209-0620 sallan@osg.com
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