Overseas Shipholding reports $7.57 million of June operating income

By Caroline Salls

Pittsburgh, Aug. 29 - Overseas Shipholding Group, Inc. reported $7.57 million of operating income for June on $78.53 million of shipping revenue, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

In comparison, Overseas Shipholding posted $3.79 million of operating income for May on $79 million of shipping revenue.

The net loss for June was $1.03 million.

The company had $586.78 million of cash and cash equivalents as of June 30, up from $573.66 million at the end of May.

Overseas Shipholding, a New York-based tanker company, filed for bankruptcy on Nov. 14, 2012 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 12-20000.

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