Overseas Shipholding Group

[1] Founded in 1948, Overseas Shipholding Group (OSG) is based in Tampa, Florida, United States.

[2][3] It has offices in Tampa, Florida and Newark, Delaware,[4] with nearly 900 sea and shore-based employees.

[5] In 1969, under the leadership of Raphael Recanati, OSG began acquiring tanker ships to transport oil from Alaska to the lower 48 U.S.

[7] The company filed for Chapter 11 bankruptcy in 2012 after the SEC accused CEO Morten Arntzen and CFO Miles Itkin of falsifying financial statements.

[8] In 2017, the company paid a $75,000 fine to the SEC to settle the securities fraud allegations.