Moody's announces completion of a periodic review of ratings of Overseas Shipholding Group, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Overseas Shipholding Group, Inc.. Global Credit Research- 19 Nov 2019. New York, November 19, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Overseas Shipholding Group, Inc. and other ratings that are associated with the same analytical unit.Overseas Shipholding Group is a holding company. Through its subsidiaries, the company owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the U.S. Flag trades. The company has one reportable business segment. The company's U.S. Flag Fleet consists of various owned and chartered-in Jones Act Handysize Product Carriers and Articulated Tug Barges and non-Jones Act U.S. Flag Handysize Product Carriers that participate in the U.S. Maritime Security Program. Under the Jones Act, shipping between U.S. ports, including the movement of Alaskan crude oil to U.S. ports, is reserved for U.S. Flag vessels.
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