New York, NY -- (ReleaseWire) -- 04/19/2013 --Overseas Shipholding Group Inc. (OTC Pink: OSGIQ) traded at $ 3.65 in the last session, which is -0.60 (-14.12%). The stock has a Range of 3.23 - 4.25. The stock has a 52 week low and high of 0.42 - 12.07 respectively. The stock has a Market Cap of 112.82M. The stock traded a volume of 779,149.00. The stock has a 30 day average volume of 471,664.00.
Overseas Shipholding Group, Inc. (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. As of December 31, 2011, the Company owned or operated a fleet of 111 double-hulled vessels (aggregating 10.9 million deadweight tons and 864,800 cubic meters) of which 89 vessels operated in the international market and 22 operated in the United States Flag market.
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Cereplast, Inc. (OTC:CERP) announced preliminary revenue for the first quarter ended March 31, 2013. Cereplast expects to report 2013 first quarter revenue of approximately $900,000 to $1 million, exceeding total revenue for the entire 2012 fiscal year.
According to management, approximately 65% of this revenue was generated in Italy due to the demand created by the recently published Application Decree, which requires merchants to discontinue the use of traditional single-use plastic bags in favor of bioplastic bags or other alternatives.
Sanctions for non-compliance will be enforced beginning the end of May 2013 and management estimates that as a result, the Company will experience an increase in demand for its Cereplast Compostables(R) blown film resins during the second half of 2013 as merchants are forced to transition to bioplastic alternatives.
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