Overseas Shipholding Group Pledges $90,000 to Massachusetts Maritime Academy Foundation
11 January 2024 - 3:44AM
Business Wire
Overseas Shipholding Group, Inc. (the “Company” or “OSG”)
continues to promote women to receive training to enter the
maritime industry with a three-year pledge in the amount of $90,000
to the Massachusetts Maritime Academy. OSG’s pledge will go to
undergraduate and sea term scholarships and sponsorship of the
Academy’s Women’s Network and Sea, Science and Leadership Career
Exploration Program. Scholarship recipients will have ongoing
interaction with OSG and the opportunity to become familiar with
OSG’s business and fleet of vessels. The OSG Scholarship Program is
intended to ease the financial burdens as well as encourage young
women seeking opportunities to enter an industry that offers a
non-traditional workplace and opportunity for growth.
"We are grateful for the generosity of Overseas Shipholding
Group, Inc. in their commitment to establishing an OSG Scholarship
Program at Massachusetts Maritime Academy," said Rear Admiral
Francis X. McDonald, USMS, President of Massachusetts Maritime
Academy. "We are focused on creating more access for women and
people in regions who may not be aware of the opportunities offered
by a career in the maritime industry. The OSG Scholarship Program
will help us advance this goal, by providing more opportunities for
more people at every level in the maritime industry, whether
through undergraduate and sea term scholarships, sponsorship of our
annual Women's Network Event, and support of our Sea, Science, and
Leadership/Maritime Career Exploration Program, geared toward high
school students."
“OSG has a vision to contribute to the efforts of making life at
sea a more realizable opportunity for young women. This new
partnership with Massachusetts Maritime Academy builds upon the
momentum we have established previously to provide support for
women in the industry,” says Sam Norton, OSG's President and CEO.
He added, “As a leading U.S.-flagged shipowner, OSG believes it is
our responsibility to promote the longevity and sustainability of
the maritime industry with programs such as the OSG Scholarship
Program aimed at increasing the presence of women at sea.”
The scholarships will promote a variety of financial aid efforts
offered by Massachusetts Maritime Academy. Eligible recipients,
which include current academy students, high school students, and
alumni, are encouraged to apply. More information on the
scholarships will be made available on the Massachusetts Maritime
Academy’s website at
https://www.maritime.edu/financial-aid/undergraduate-aid/awards.
About Overseas Shipholding Group, Inc
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly
traded company providing liquid bulk transportation services in the
energy industry for crude oil and petroleum products in the U.S.
Flag markets. OSG is a major operator in the Jones Act industry and
in the Tanker Security Program. OSG’s U.S. Flag fleet consists of
Suezmax crude oil tankers doing business in Alaska, 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/20240110103304/en/
Investor Relations & Media Contact: Susan Allan,
Overseas Shipholding Group, Inc. (813) 209-0620 sallan@osg.com
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