DEBT (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

SCHEDULE OF LONG-TERM DEBT INSTRUMENTS

Debt consists of the following:

	December 31,
	2022			2021
Term loan, due 2024, net of unamortized deferred costs of $257 and $398	$	20,330		$	21,633
Alaska tankers term loan, due 2025, net of unamortized deferred costs of $267 and $421		25,289			30,236
OSG 204 LLC term loan, due 2025, net of unamortized deferred costs of $457 and $646		25,006			26,231
OSG 205 LLC and OSG Courageous II LLC term loan, due 2027, net of unamortized deferred costs of $609 and $734		44,342			46,380
Unsecured senior notes, net of unamortized deferred costs		390			390
Term loan, due 2028, net of unamortized deferred costs of $3,106 and $3,343		308,006			319,870
Total debt		423,363			444,740
Less current installments of long-term debt		(23,733	)		(22,225	)
Total long-term debt	$	399,630		$	422,515

SCHEDULE OF DEBT EXPENSES

The following table summarizes interest expense, including amortization of issuance and deferred financing costs, commitment, administrative and other fees, recognized during the two years ended December 31, 2022 with respect to the Company’s debt facilities:

	Years Ended December 31,
Debt Facility	2022		2021
Term loan, due 2024	$	1,340	$	1,407
Alaska tankers term loan, due 2025		1,406		2,193
OSG 204 LLC term loan, due 2025		1,697		1,747
OSG 205 LLC and OSG Courageous II LLC term loan, due 2027		3,121		3,423
Unsecured senior notes		29		32
Term loan, due 2028		25,146		6,550
Term loan, due 2023		—		12,618
Term loan, due 2026		—		712
Total interest expense on debt facilities	$	32,739	$	28,682

SCHEDULE OF AGGREGATE ANNUAL PRINCIPAL PAYMENTS

As of December 31, 2022, the aggregate annual principal payments required to be made on the Company’s debt are as follows:

2023	$	23,730
2024		43,184
2025		54,903
2026		19,268
2027		52,597
Thereafter		234,375
Total	$	428,057