“SWOT is an acronym for the internal Strengths and Weaknesses of a firm and the environmental Opportunities and Threats facing that firm. SWOT analysis is a widely used technique through which managers create a quick overview of a company’s strategic situation. The technique is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats). A good fit maximizes a firm’s strengths and opportunities and minimizes its weaknesses and threats. Accurately applied, this simple assumption has powerful implications for the design of a successful strategy.”

Overseas Shipholding Group Inc.

Overseas Shipholding Group (OSG) is a global energy transportation services company. It owns and operates an International Flag and U.S. Flag fleet of 146 vessels made up of 120 operating vessels and 26 under construction aggregating 14.7 million deadweight tons. The company primarily operates in the US, where it is headquartered in New York City, New York and employs around 3,774 people.