Overseas Shipholding marks $4.04 million of operating income for April

By Kali Hays

New York, June 13 – Overseas Shipholding Group Inc. posted operating income of $4.04 million for April on shipping revenue of $82.31 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to operating income of $5.19 million for March on shipping revenue of $91.68 million.

The net loss for April was $6.25 million, a decrease from $15.5 million in March.

The company also reported cash and cash equivalents of $650.19 million as of April 30, up from $477.98 million as of March 31.

Overseas Shipholding, a New York-based tanker company, filed for bankruptcy on Nov. 14, 2012. Its Chapter 11 case number is 12-20000.

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