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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Shipping Revenues    
Pool revenues, including $13,824 and $21,837 received from companies accounted for by the equity method $ 78,769osgiq_ShippingPoolRevenue $ 45,067osgiq_ShippingPoolRevenue
Time and bareboat charter revenues 107,942us-gaap_OperatingLeasesIncomeStatementLeaseRevenue 95,128us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Voyage charter revenues 46,831us-gaap_CargoAndFreightRevenue 152,251us-gaap_CargoAndFreightRevenue
Shipping revenues 233,542us-gaap_Revenues 292,446us-gaap_Revenues
Operating Expenses    
Voyage expenses 11,900osgiq_VoyageExpenses 77,893osgiq_VoyageExpenses
Vessel expenses 69,239osgiq_VesselExpenses 66,671osgiq_VesselExpenses
Charter hire expense 31,898us-gaap_LeaseAndRentalExpense 45,482us-gaap_LeaseAndRentalExpense
Depreciation and amortization 37,119us-gaap_DepreciationDepletionAndAmortization 37,945us-gaap_DepreciationDepletionAndAmortization
General and administrative 19,282us-gaap_GeneralAndAdministrativeExpense 24,425us-gaap_GeneralAndAdministrativeExpense
Technical management transition costs 40osgiq_TechnicalManagementTransitionCosts 194osgiq_TechnicalManagementTransitionCosts
Severance and relocation costs 5us-gaap_SeveranceCosts1 6,683us-gaap_SeveranceCosts1
Gain on disposal of vessels and other property (1,073)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges (1,477)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Total operating expenses 168,410us-gaap_CostsAndExpenses 257,816us-gaap_CostsAndExpenses
Income from vessel operations 65,132us-gaap_OperatingIncomeLoss 34,630us-gaap_OperatingIncomeLoss
Equity in income of affiliated companies 12,412us-gaap_IncomeLossFromEquityMethodInvestments 8,494us-gaap_IncomeLossFromEquityMethodInvestments
Operating income 77,544osgiq_OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies 43,124osgiq_OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
Other income 73us-gaap_OtherNonoperatingIncomeExpense 134us-gaap_OtherNonoperatingIncomeExpense
Income before interest expense, reorganization items and income taxes 77,617osgiq_LossBeforeInterestExpenseReorganizationItemsAndTaxes 43,258osgiq_LossBeforeInterestExpenseReorganizationItemsAndTaxes
Interest expense (28,569)us-gaap_InterestExpense (123)us-gaap_InterestExpense
Income before reorganization items and income taxes 49,048osgiq_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNonControllingInterestReorganisationItems 43,135osgiq_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNonControllingInterestReorganisationItems
Reorganization items, net (3,487)us-gaap_ReorganizationItems (29,256)us-gaap_ReorganizationItems
Income before income taxes 45,561us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 13,879us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax provision (2,660)us-gaap_IncomeTaxExpenseBenefit (1,329)us-gaap_IncomeTaxExpenseBenefit
Net Income $ 42,901us-gaap_NetIncomeLoss $ 12,550us-gaap_NetIncomeLoss
Weighted Average Number of Common Shares Outstanding    
Basic and Diluted ( in shares)   30,516,394us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Common Class A [Member]    
Weighted Average Number of Common Shares Outstanding    
Basic (in shares) 520,583,598us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[1] 0us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Diluted (in shares) 520,587,201us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[1] 0us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Common Class B [Member]    
Weighted Average Number of Common Shares Outstanding    
Basic and Diluted ( in shares) 7,924,944us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[2] 30,516,394us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Common Stock [Member]    
Per Share Amounts    
Basic and Diluted net income (in dollars per share) $ 0us-gaap_EarningsPerShareBasicAndDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
$ 0.41us-gaap_EarningsPerShareBasicAndDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
Common Class A And Class B [Member]    
Per Share Amounts    
Basic net income (in dollars per share) $ 0.08us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= osgiq_CommonClassAndClassBMember
$ 0us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= osgiq_CommonClassAndClassBMember
Diluted net income (in dollars per share) $ 0.08us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= osgiq_CommonClassAndClassBMember
$ 0us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= osgiq_CommonClassAndClassBMember
[1] The weighted average common shares outstanding for Class A Common Stock was calculated using the Class A Common Stock outstanding and the Class A Warrants outstanding for the period January 1, 2015 through March 31, 2015. As of March 31, 2015 there were 310,726,271 shares of Class A Common Stock outstanding and 210,145,872 Class A Warrants outstanding.
[2] The weighted average common shares outstanding for Class B Common Stock basic and diluted was calculated using Class B Common Stock outstanding and Class B Warrants outstanding for the period January 1, 2015 through March 31, 2015. As of March 31, 2015 there were 5,711,847 shares of Class B Common Stock outstanding and 2,212,204 Class B Warrants outstanding.